There are growing concerns that filing for Chapter 7 will lower your credit to zero. This is not true – while a discharge in Chapter 7 means that your credit score will greatly decrease, there is still hope.
Let’s say you have been timely paying your bills but an un-expected situation made it impossible for you to balance your expenses. That said, your credit score is likely in the high 700s. A bankruptcy will decrease it by a hundred or so points, so it still may be in the 500′s or 600′s. Now let’s say your credit is low to begin with, then the bankruptcy will effect it by lowering it to 400 or above. In short the exact number of points that your score will decrease by depends on your credit score prior to discharge of your debt. The higher it is, the higher it will stay post-discharge, making it important to recognize potential problems earl on.
Remember this: Once you file bankruptcy you may not re-file for another eight years making you a clean slate for credit companies. So if you can’t discharge your debt for eight years then you are a low credit risk. In addition, after a year or so your credit shoot up as you have no debt and no late payments. So while a Chapter 7 initially lowers your score – if you manage your debt post discharge you may very well have a much higher score in several years than you could have without the bankruptcy.
There are also options such as obtaining a secured card immediately post-filing and other options that our bankruptcy attorneys would be happy to educate you on. Call us not for a free consultation in our New York, New Jersey, and Brooklyn offices.人们常常担心申请第七章破产会使他们的信用记录降为零。而这种观点是不准确的，尽管申请第七章破产会大大降低您的信用，但是您的信用值仍有希望回升。
让我们假设您通常都按期偿还账单但是一次突发状况让您入不敷出。在这种情况下，您的行用值通常在700的高度，一次破产申请将降低您的信用度到500或者600.如果您的信用值在一开始就比较低，那么破产申请会将您的信用度降到400左右。简而言之，您的信用值取决于您在债务免除前的信用值。 之前的信用值越高，在免除后您的信用值就越高。
请记住，一旦您申请了破产保护，在八年内就不开再次申请。如果您在八年内不能免除您的债务，您面临信用值较低的风险。另外，如果您在一年后没有逾期偿还欠款，无其他债务，您的信用值将回升。所以，第七章申请虽然会降低您的信用值，但是只要您在破产申请后很好地管理您的债务，不再积累其他债务，您的信用值将很快回升。
除了以上提到的方式外，您还有很多选择，如破产申请后立刻申请信用卡等，我们的律师将十分乐意为您选择其他途径改善您的信用记录。请与我们联系，预约免费咨询。我们在布鲁克林、曼哈顿和新泽西三处有办公室，方便为您服务。
