Jeffrey M. Rosenblum, P.C.
A Fresh Start

Chapter 7 Archives

Tips to rebuild your credit after bankruptcy

Worried that your credit score will drop after you file for bankruptcy? That is one of people's most common concerns, but do not worry that it has to last forever. There are plenty of things you can do to rebuild your credit. That's why people refer to bankruptcy as a fresh start.

Can credit card companies collect after bankruptcy?

You have over $20,000 in credit card debt. You are thinking of using Chapter 7 bankruptcy to get a fresh start. What you want to know is whether or not the credit card companies can still come after you for payment once your bankruptcy filing is completely.

Do not assume you are the only one facing bankruptcy

People who file for bankruptcy often feel alone. They do not want to talk to other people about it. They feel like no one else is dealing with the same financial issues. It seems like everyone else has a great, stable life, and they are the only ones with these debt problems.

7 types of debt that last after bankruptcy

Bankruptcy can absolutely help you get rid of debt. Chapter 7 eliminates what you owe after assets are liquidated and as much debt as possible is paid back. For instance, you may owe $50,000 and have $10,000 in nonexempt assets. The other $40,000 is forgiven.