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Many people won’t even consider filing for bankruptcy because they fear that everyone they know will find out. It’s a valid concern, too. No one wants the whole world to know his or her private affairs.
That’s where we have good news. If you file for bankruptcy in Texas, the whole world won’t automatically know. (more…)
If you’re considering filing for bankruptcy, you might want to know if what you hear is true: “I understand that filing for bankruptcy will hurt my credit for 10 years. Is it true?” For those with bad credit, the short answer is no.
“How can that be?” you might ask.
If you’re considering filing for bankruptcy or have sought out the advice of a bankruptcy attorney, your credit is most likely already down the drain. You’re in debt up to your ears and have several black marks on your credit report. If this is the case, then there’s no credit for a bankruptcy filing to hurt for the immediate future.
Plus, what really hurts your credit? Not paying your debts.
“But a bankruptcy filing stays on a credit report for up to 10 years.”