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.