Indianapolis Bankruptcy Attorneys’ Take on Chapter 7 Bankruptcy and Credit

In first-time discussions with a potential client, the question, “”How will bankruptcy affect my credit?”” almost always arises ─ an experience that most Indianapolis bankruptcy attorneys can relate to. People fear and assume that the result of filing bankruptcy will be negative.

First, it is important to remember that if you have substantial debts and they are in default, it is likely that your credit history is already poor. In this situation, the elimination of your debt almost always results in giving your credit score a boost because you no longer owe that money.
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