By Glenn A. Brown, DMD, MBA on January 4, 2009
Our firm receives this question pretty often. So, we’ve decided to answer it on our blog.
Yes. Filing for bankruptcy will affect your credit rating. Initially, you may see a sharp decline in your FICO score. Once your debt has been discharged, and you begin making on-time payments and wise financial decisions regarding your credit, you can begin to see your FICO score increase.
Posted in Bankruptcy, Blog | Tagged credit rating, FICO score
Glenn A. Brown, DMD, MBA is solo practitioner of Real World Law, a general practice law firm located in Philadelphia and Delaware, which focuses on chapter 7 13 11 bankruptcy, business litigation, and real estate transactional matters. Dr. Brown helps single individuals, married couples, small businesses, corporations, sole proprietors and partnerships obtain debt relief under the US Bankruptcy Code.
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