Will Bankruptcy Harm My Credit?

It's a good question, and you're far from the first person to ask it. At Sigmon & Henderson, PLLC, our attorneys encounter many individuals and families that could benefit from filing bankruptcy, but have concerns about the potential effect on their credit.

We understand that the last thing you want to do is make your situation any worse than it already is. You've been bearing the burden of debt, putting up with harassment and threats from creditors, and working your fingers to the bone to dig out of this never-ending hole.

The good news is that bankruptcy can put a stop to that and provide you with the fresh start you and your family deserve. While your credit will take a hit in the short term, you will be able to rebuild your credit afterward, which will open doors for you.

Long story short: If you have fallen behind on payments and face unmanageable debt, your credit is already in dire straits. For many in such circumstances, bankruptcy is the only lifeline back to steady and secure financial standing.

Focus On Life After Bankruptcy

Chances are you would have a hard time obtaining a mortgage or financing a car at the moment due to your troublesome debt. Filing for Chapter 7 or Chapter 13 bankruptcy can help you make your debt a thing of the past and start building good credit.

In fact, some of our past bankruptcy clients have received conditional credit card offers within a year of their bankruptcy discharge, even though bankruptcy remains on a person's credit report for seven years.

To learn more about the fresh start bankruptcy can provide you, call our Gastonia office at 704-269-6374 or email us today. As our client, you will remain well-informed and in close contact with your lawyer every step of the way.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.