Divorce then bankruptcy

RideATX · 2023-11-14T15:24:22+00:00

Sell everything pay off debt and start fresh.

duketool1011 · 2023-11-14T15:35:15+00:00

There is life after bankruptcy. Obviously, your credit will take a hit, but you can recover. There are ways to help rebuild your credit score while you're still in your payment plan. Your attorney should have some recommendations. If they don't volunteer it, ask. The most important thing to do going forward is to make sure all of your payments are made on time. No exceptions. That's the biggest factor that affects your credit score after your bankruptcy. Some doors will be closed to you while in bankruptcy. It may be harder to find a place to live if you're trying to move, but not impossible. You can still qualify for a car loan, but at a higher rate, of course. Credit cards are still possible, especially secured cards. Obviously, you need to be careful with making purchases with them, but they can help you rebuild your score as well if used wisely. The point is, bankruptcy is not the end of the world. It doesn't carry the same social stigma that it did 50 years ago. Once you come out of it, it's like getting a brand new start. Within a year of having mine discharged, my credit score was hovering around 750. Keep your head up. You got this.

Title	Divorce then bankruptcy
Author	S0mewhere_In_Between
Upvotes	5
Comments	3
Date	November 14, 2023 2:33 PM UTC (2 years ago)
Subreddit	Posted in /r/Divorce_Men
Original Link	https://old.reddit.com/r/Divorce_Men/comments/17v3hso/divorce_then_bankruptcy/
Archive Link	https://theredarchive.com/r/Divorce_Men/divorce-then-bankruptcy.1238424 https://theredarchive.com/post/1238424

Comments