Will filing bankruptcy permanently ruin my credit?

While a bankruptcy filing will appear on your credit report for up to 10 years, you can immediately start rebuilding your credit after you receive your discharge. The more time that passes, the less important the bankruptcy filing is on your credit report. Plus, every month you have a late payment or other negative credit activity, it is reflected on your credit report. When you receive your bankruptcy discharge, most of that negative credit reporting ends immediately. Think of it like ripping off a Band-Aid — you will be well on your way to rebuilding your credit!

Michael Ryan Jones

Michael Ryan Jones's Profile Image
Michael Ryan Jones is committed to assisting individuals facing financial distress. He has helped hundreds of clients achieve a financial fresh start by filing either Chapter 7 or Chapter 13 bankruptcy. When you hire The Jones Law Firm, you can be assured that Michael will personally assist you every step of the way.
Read More About Michael

Contact Us for a Free Case Evaluation

  • This field is for validation purposes and should be left unchanged.