Many people wrongly believe that filing for
bankruptcy will ruin their credit score beyond repair. This is simply not true. When
you file for bankruptcy, your credit will take an initial hit, but once
your bankruptcy is done (in about 3 months), you can start rebuilding
your credit again. You will be starting with a clean slate, with no debt.
If you are methodical and thorough, your credit score will shoot up quickly.
It is proven that filing for bankruptcy, wiping out your debt, and then
rebuilding your credit is much more effective than struggling with overwhelming
debt for years. If you make minimum payments, miss some payments, or make
no payments towards your debt, your credit score will slowly go down.
Your credit score will be better if you file for bankruptcy, start fresh,
and rebuild from there.
Atlantis Law and their expert bankruptcy lawyers will help your rebuild your credit
after you file bankruptcy. We will guide you through the process to that
your credit score will increase significantly. One of our clients had
an increase of 180 points, only one year after her bankruptcy.
Contact us today to schedule a free consultation and start rebuilding your credit.
This infographic clearly shows how a bankruptcy can be a smart financial decision: