Florida Bankruptcy Services - Chapter 7 Bankruptcy Petition Preparation
House Calls
Available Upon Request
727-322-5881
Life After Bankruptcy
Bankruptcy and Your Credit Rating.
Bankruptcy will appear on your credit report for several
years. This does not mean you cannot get credit after
filing bankruptcy. Most lenders will extend credit
within two or three years after filing a bankruptcy
case. Many creditors consider you a better credit risk
after you filed bankruptcy because you have few other
debts, if any, and you are unable to file bankruptcy
again for seven years.
Generally, the effect of bankruptcy on your credit is
not a bankruptcy issue; it is a banking or credit issue.
Most questions concerning reestablishment of credit are
best answered by people at banks, credit agencies, or
consumer credit services.
Many debtors report that after filing bankruptcy and
receiving their discharge notice that their credit
reports still show certain debts as “written off” or
“discharged.” It may take the credit reporting agencies
several months to update your file.
Regardless of what
is on your credit report, no creditor listed in your
bankruptcy can collect money from you.
If your credit
report incorrectly reports certain debts you must
resolve errors directly with the credit bureau because
no bankruptcy law issues are involved in the incorrect
reporting of your credit history. If you have contested
the error directly with the credit reporting agency and
the creditor, and the incorrect information is not
corrected, you do have recourse under the Fair Credit
Reporting Act.
Reestablish your credit immediately!
You will receive a few
offers for credit cards after you file bankruptcy. Accept them but
only use them for essentials until you receive your discharge.
Bankruptcy and Employment.
It is illegal for an employer to discriminate against you in any way
because you have filed bankruptcy.
Reference Materials
Frequently Asked Questions
Chapter 7 Bankruptcy
Got my Discharge of Debt
Copyright 2008 Florida Bankruptcy Services