Bankruptcy timeline: Rebuilding credit

I’m often asked how bad someone’s credit is after a bankruptcy filing.  The link below leads to a great article on rebuilding credit after filing Chapter 7 and Chapter 13 Bankruptcy, and how many lenders will view a post-bankruptcy candidate in a positive light after getting the fresh start afforded by bankruptcy.

“when a person files Chapter 7 liquidation bankruptcy, the debtor immediately and dramatically reduces his or her debt-to-income ratio.”  via Bankruptcy timeline: Rebuilding credit.

MDR Law Office is a civil litigation firm whose primary focus of practice is construction law, real estate, personal injuries, bankruptcy and collection actions. MDR Law Office represents clients in Kane and surrounding counties, including, Lake County, Mchenry County, Dekalb County, Kendall County, Dupage County, Will, and Cook County the Fox Valley, and Surrounding Towns, including Geneva, St. Charles, Elgin, South Elgin, Aurora, North Aurora, Sugar Grove, Carol Stream, West Chicago, Dundee, West Dundee, Kaneville, Batavia, Maple Park, Wayne, Warrenville, Yorkville, Elburn, Oswego, Hampshire, Naperville, Wheaton, Downers Grove, Glen Ellyn, and Lisle.

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