One of the most common questions our office hears is how bankruptcy will affect credit.

A bankruptcy filing can hurt your credit score and remains on your credit report for up to a decade. It can make loans and certain purchases more difficult, although not impossible. So yes, filing for bankruptcy will generally negatively affect your credit report.

However, there are a couple of things to keep in mind:

If you’re considering filing for bankruptcy, you probably already have damage to your credit rating with late payments and accounts in collections, so in many ways a bankruptcy filing will help. It will enable you to make a fresh financial start and stop the credit card companies and collections agencies from harassing you.

There are also ways to rebuild your credit rating for the future as you learn money management skills like how to live within a budget and save wisely. This is something we can discuss as we go over your case, and you can read more about it in my free "Life After Bankruptcy" report.

Bankruptcy can set you on the road to financial recovery. It's worked for thousands of people — people who rebuilt their credit and moved on with their lives.

In addition, our office offers a program to new clients that helps you improve your credit score to a whopping 720. That's an A rating! Valued at $1000, our attorneys offer the program FREE to all our new clients.

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.