Posted By Albaugh Law Firm
People faced with unpayable debt that burdens them day in and day out often need bankruptcy to escape it. More often than not, this means using Chapter 7 bankruptcy to discharge as much debt as possible. For all the good that bankruptcy filings can bring, they can bring consequences, mainly damage to a filer’s credit score. If you have filed for bankruptcy, or are thinking about doing it, ...
Posted By Ryan Albaugh
Many individuals are hesitant to file for bankruptcy out of fear of how it may affect their credit score. In fact, one of the most common myths about bankruptcy is that filing for bankruptcy will forever tarnish a person’s credit and make it nearly impossible for them to ever receive a loan or credit card again in the future. While filing for bankruptcy will indeed harm your credit score in ...