Does Filing Bankruptcy Affect Credit Scores?

Answer Your credit score can be affected by bankruptcy--in a negative way, of course. Bankruptcy can affect the cost you pay for other credit products. It might take a while to fix the damaging effects of... Read More »

Top Q&A For: Does Filing Bankruptcy Affect Credit Scores

Can filing bankruptcy affect my job?

Your employer is not notified of a bankruptcy filing and cannot fire you because of it under the United States Bankruptcy Code. Your employer may be notified only if garnishment of your wages is wa... Read More »

How does foreclosure&bankruptcy affect credit?

Bankruptcy and foreclosures are both stressful and traumatic. Both result in serious losses and take substantial time to recover. The effects of the two are long lasting but consumers should be awa... Read More »

How long does bankruptcy affect your credit?

Bankruptcy can affect your credit report for seven to 10 years and can potentially cripple your chances of receiving credit in the future. Chapter 7 and Chapter 11 bankruptcy remains on your credit... Read More »

How long does bankruptcy affect a credit score?

According to the Office of the Comptroller of the Currency, a bureau of the U.S. Treasury Department, the Fair Credit Reporting Act permits a credit bureau to report a bankruptcy for 10 years after... Read More »