No! Filing a bankruptcy does not mean that you will never have credit again. In fact, filing bankruptcy can make it simpler for you to start rebuilding your credit more quickly. If a Chapter 7 is a good fit for your circumstances, you can begin to rebuild in as little as 3 months. Additionally, once the discharge of your bankruptcy is complete, your debt to income ratio will already be improved. And did you know that you can qualify for an FHA mortgage as quickly as 2 years following your bankruptcy discharge?
We often have clients share with our office that they have credit scores in the 700s even while in a Chapter 13 bankruptcy. Our clients have been able to modify their home loans, purchase cars, among other things, while in bankruptcy. During a free consultation with our office we will be able to give you advice for your individual situation.
If you are interested in learning about your options through bankruptcy, make an appointment to speak with one of the experienced bankruptcy attorneys at O’Bryan Law Offices today. We now offer free “Life After Bankruptcy” courses to our clients to help them rebuild their credit score. Call us today at 502-339-0222 for a free bankruptcy consultation. Get a Fresh Start today!
See Also: Bankruptcy Timeline