In most cases your credit has already taken quite a hit from unpaid debt, or bills that you are behind on. Even debt that has been “forgiven” or “written off” affects your credit. Filing bankruptcy wouldn’t hurt your credit much more. In most cases it may raise your score because of the debt to earnings ratio will go down. But the fact that you did file bankruptcy will stay on your credit reports for at least 7 years, maybe even 10.
To learn more about your bankruptcy options contact The Law offices of Jill McDonald. We have two convenient locations in Clearwater and in St. Petersburg. (727) 231-4300
Bankruptcy Information is believed reliable, but accuracy and completeness are not guaranteed. Nothing in this web site is intended as, or should be used as, a substitute for professional, financial, or legal advice.