Many people are afraid to file for bankruptcy because they have heard that if they do, they will never be able to get credit or purchase a home. This, like other myths about bankruptcy, is untrue and should not prevent you from getting a fresh start. At Robinson Salyers, PLLC, a bankruptcy law firm in Shelbyville and Frankfort, Kentucky, our lawyers can help you see that there is life after debt.

A widespread misconception about bankruptcy is that it takes seven years to restore your credit after filing for bankruptcy protection. In fact, many people see improvements in their credit scores within 12 months of filing. Debt consolidation companies often perpetuate the myth that, since a bankruptcy filing stays on your credit report for 10 years, it means you cannot get credit for 10 years. That is simply not true. If you have a steady income and have eliminated your debts, you will be more attractive to creditors.

Rebuilding Credit After Bankruptcy

After bankruptcy, you can:

  • Live free of predatory creditors, lenders and bill collectors
  • Rebuild your credit
  • Look forward to purchasing a car or home

Rebuilding credit after bankruptcy can be as simple as opening up a credit card and paying it off every month. Store credit accounts are often a good place to start. Once you have worked your way toward a healthier credit score, you can begin to plan to buy a car or a house — but you must take the first step and contact an experienced bankruptcy attorney.

Contact Robinson Salyers, PLLC

There is life after bankruptcy. In Kentucky, our attorneys can help you get there. To schedule a consultation, call 502-257-5417 or send an email.