Life After Bankruptcy

It is a common bankruptcy myth that it takes up to 10 years to rebuild your credit after you file for bankruptcy. This is completely untrue. In reality, it takes only one to two years after filing bankruptcy to rebuild your credit score. This is because your debt-to-income ratio virtually disappears after you file bankruptcy.

As long as you continue to pay your accounts on time, your credit can rebound in as little as two years. Paying your monthly utilities, car payments, mortgage and even your cell phone bill on time will help rebuild a strong foundation for your credit. You may even be able to purchase a car, obtain a credit card or take out a personal loan immediately after filing.

Bauman Law offers services to help you rebuild your credit quickly and painlessly. Don't be fooled by rumors, assumptions, and misconceptions. Speak to a bankruptcy lawyer to find out what your life after bankruptcy will look like.