Will Bankruptcy Hurt My Chances of Getting a Job?
Having gone through a bankruptcy means that you are freed of debts that might otherwise put you in great need.
For employers, that means you have your finances in much better control and are not in a desperate situation. Many employers will be glad to know that you've already been through that experience and are in a better place afterwards.
Can I Refinance After Bankruptcy?
Yes, you can refinance, but not for a while. It can be hard to get a loan, with or without a bankruptcy on your record, but if you can develop some financial stability, it is certainly a possibility to refinance.
Will I Be Able to Rent an Apartment or House After a Bankruptcy?
Yes and no. Unfortunately, some rental companies will not rent to people who have filed until a certain period of time after their bankruptcy. Many groups will though, so a little bit of searching should solve the problem.
Can I Get Credit Cards After Filing Bankruptcy?
Yes, you can get credit cards as soon as your case is discharged. How long that takes can vary according to the type of bankruptcy you file.
Credit card companies often advertise to people who have declared bankruptcy, but it can be very dangerous to accept their offers. Credit card debt is one of the leading causes of bankruptcy, and if you struggle with using credit cards wisely, it is best to avoid them altogether.
Staying free of new debts can help you become financially healthy following a bankruptcy and make the other aspects of life after bankruptcy go more smoothly.
What Will My Credit Report Look Like After Bankruptcy? How Long Will a Bankruptcy Stay on My Credit?
A creditor can report your debt on a credit report for up to ten years after filing, although not all of them do. But what your credit will actually look like depends on whether you file a Chapter 7 or Chapter 13 bankruptcy.
After a Chapter 7, your credit report will reflect that your debts have been discharged through bankruptcy.
While a Chapter 13 is pending, which can last up to a few years, the report will reflect that debts are being paid through Chapter 13.
After that Chapter 13 is discharged, it should reflect that all debts were paid.
It is within your right to ensure that credit card companies are reporting your credit accurately. You can also include a letter with your credit report if you so desire.
If you are interested in bankruptcy, but would like to talk to an attorney about it first,
contact us (901-327-2100) and one of our attorneys
would be glad to discuss your situation with you free of charge.
