Frequently Asked Bankruptcy QuestionsThe Bankruptcy LawTrove Frequently Asked Bankruptcy Questions Page is provided by Warren E. Agin of Swiggart & Agin, LLC in Massachusetts. The information contained in this page is intended neither as legal advice, nor to create an attorney-client relationship. Bankruptcy law is very complicated and you should always consult with an attorney before taking any action. Mr. Agin does provide initial consultations regarding matters in Massachusetts and can often help locate attorneys in other states. He can be reached at 617.742.0110. Will the fact that I filed bankruptcy appear on credit reports? The bankruptcy is treated as judgment and will be listed in credit reports for a period of up to 10 years. After bankruptcy, can I obtain new credit? Yes. The decision of whether to extend you credit belongs to each particular lender. However, the fact that you filed bankruptcy, if properly explained, is less damaging than a history of unpaid accounts. How can I re-establish my credit rating after bankruptcy? The best way is to obtain new credit and make the payments religiously. Sometimes an existing creditor may continue to grant you credit based upon a reaffirmation agreement made during the bankruptcy. You may also be able to obtain a secured credit card, where the credit limit is based upon the amount of security given, or obtain credit using a co-signer. An excellent book on how to rebuild credit after bankruptcy is called Bounce Back from Bankruptcy. |
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Created and Maintained by Warren E. Agin of Swiggart & Agin, LLC. Located in Boston, Massachusetts,
Swiggart & Agin, LLC provides legal services to the technology community,
including services in the areas of bankruptcy and insolvency law, computer
law, and corporate law. Questions? Try the Bankruptcy FAQ. |
