Here’s How You Rebuild Your Credit After Bankruptcy
Bankruptcy is often the last resort for people when they have no other options left. Filing for bankruptcy can quite be quite scary and not mention how tough and costly it can be. It is true that filing for bankruptcy takes away whatever credit you had built but it is not impossible to build back your credit score. You can take the help of a bankruptcy attorney in Boulder to help you file for bankruptcy. Once you have filed for bankruptcy, it will stay on your credit reports for 7 to 10 years but with a lot of hard work and responsible behavior you can reorganize your finances and rebuild your credit. Here are some tips to help you rebuild your credit after bankruptcy. The type of your bankruptcy is important - Chapter 7 bankruptcy In the case of Chapter 7 bankruptcy, all your debts are wiped out. Your assets will be sold to pay the creditors except for basic necessities like clothes, home, car, etc. Although this type of bankruptcy clears all your debts it remains in yo