Filing for bankruptcy does have a negative effect on your credit rating. In most cases, if you are diligent about your future payments, you will be able to rebuild your credit within the next few years. Bankruptcy is not as devastating as it may seem. In many cases, it is the best option for debt resolution, and you will emerge with the potential to make a fresh financial start.
If you would like to learn more about how bankruptcy can affect your credit rating, contact Birmingham bankruptcy lawyer Paula Greenway today at [phone-number].