The decision to file for bankruptcy is often the culmination of stress and uncertainty. The prospect of rebuilding credit is a concern that many filers don't fully process until they need to take out a loan.
When you file for bankruptcy, your credit score can drop between 75 and 200 points. So what does that mean for the rebuilding process?
Bankruptcy allows consumers a way out of debt, but it’s important to remember that there are repercussions that can ruin people’s credit as well as put consumers at risk of losing their property.