What Happens to Credit Score After Bankruptcy

[goodpeople]

I am in a tough fnancial bind right now and am considerng bankruptcy as my alternative to take care of all my debt..... I am just concerned with what will happen to my credit after I file. What happens to credit score after bankruptcy?

[Dogmatique]

If you need to file bankruptcy, chances are your credit score has tanked anyway.

Filing bankruptcy is actually considered a responsible move; yes, your credit is still going to suck for a quite a while after discharge but most people are able to obtain car loans etc (at more reasonable interest rates) within a couple of years.

See a bk attorney - most give free initial consultations and you'll be better able to discuss your options.