After Bankruptcy

Bankruptcy

Although it's true that bankruptcy is a very big step that remains on your credit history for 7-10 years, it by no means destroys your life. Bankruptcy can let you start over anew, and even helps your credit score bounce back quickly if you take the right steps. Learn how to make the necessary adjustments after filing for bankruptcy, including repairing your credit, establishing new lines of credit, and avoiding financial problems.

Next: Choosing a Lawyer

Legal Guides

Notifying your creditors of bankruptcy

Written by Avvo Staff.

Strictly speaking, you do not need to notify your creditors of your bankruptcy. Once the Bankruptcy Court processes your final paperwork, it will send notice to all the creditors you have listed in... more
How to Reestablish Your Credit after Filing Bankruptcy

Written by attorney Marcus Tiggs.

Things to do before you file. If you have some credit card accounts in good standing with zero balances, stop using them. Keep those accounts clean. If the balance is very low, maybe a few hundred... more
How to Get a Credit Card After Bankruptcy

Written by attorney Timothy McFarlin.

Consider Pre-Approved Offers. After a bankruptcy, you'll get a mailbox full of solicitations for new credit cards. Some of these offers may actually be worthwhile and helpful to rebuild credit.... more
Six Things You Should Do To Avoid Financial Problems After Bankruptcy

Written by attorney Weldon Allmand.

Limit your use of credit cards.. Many debtors who file bankruptcy have 10 or even 12 credit cards which are all maxed out. If you want to avoid more financial troubles after bankruptcy, limit the... more