Originally posted on Kentucky Bankruptcy Attorney - Call Toll Free Today 1-888-651-9353 or 270-651-7777:
Sounds amazing, right ?
But the facts are pretty much established that it will.
How do we know this ?
For the first few months, most clients see no change in their credit score. After about the first year or so, folks will generally see their credit score improve and continue to improve year after year as long as they establish good financial practices and goals.
What ?! You are thinking: “But I thought filing bankruptcy totally destroyed my credit ?”
But it really doesn’t
I always tell clients that there are three reasons we know this.
#1 Having practiced bankruptcy law for the past 25 years, we have had folks that have filed, and need to come back several years later and file again. Since the first bankruptcy, they have incurred additional credit such as home loans, car loans, and other debt and for example, may have a loss…
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