Have a bad credit score? Considering filing for bankruptcy? You’re not alone. Thousands of people find themselves in the same situation every year. Often, they fear what filing bankruptcy will do to their credit score. If it’s already bad, will bankruptcy make it worse?
Fortunately, there are many cases where filing for bankruptcy actually improves your credit score. Filing clears bad debt and gives you a clean slate. With that bad debt gone, it’s not uncommon for a credit score to go up, and even get back to perfect in as little as two years.