A bankruptcy filing can stay on your credit report for up to a decade, according to the Fair Credit Reporting Act. It may be difficult for you to obtain loans or credit cards at lower rates during this time.

This doesn’t mean that you can’t get a job, buy a home, rent an apartment, or get credit cards. You may not qualify for the best interest rates until the bankruptcy comes off of your credit report and you've proven yourself as a responsible debtor, but things will get better as you work to improve your credit score.

As you do get loans and credit cards over time, and continue to make on-time monthly payments, you can rebuild and restore your credit. I see clients do it successfully every day.

Luckily the stigma associated with a bankruptcy filing has lessened through the years as more people have filed in order to get out from under an insurmountable pile of debt. Check your credit report annually with Trans Union, Equifax and Experian, and report any discrepancies immediately. Keep an eye on your status, practice responsible finances, and soon you'll see your credit score climb up to a healthy state again.

Our office offers clients a credit repair program to help you fix that credit score. In as little as 12 months, you can increase your credit score to 720 - an A rating! Though the course costs $1000 most of the time, we offer it to all new clients at no charge.

Castle Law Office has been handling bankruptcies for Kansas City clients from more than 14 years. If you need the fresh start bankruptcy can provide, call us today at 816-842-6200 to speak with an attorney. Or click here to email us and schedule your free consultation.