Will bankruptcy affect my credit?

NJ Bankruptcy Law FAQ

Q) Will bankruptcy affect my credit?

A) In the event you are already behind on your bills, your credit may already be damaged prior to filing for bankruptcy. If that is the case, bankruptcy may not make your credit score any worse. Once you have filed for bankruptcy, that filing may appear on your credit for years subsequent to the filing of your bankruptcy. As filing for bankruptcy clears you of certain debt, it may place you in a better position to pay your current expenses and therefore, enable you to improve your credit over time.

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Villani & DeLuca P.C. are experienced bankruptcy attorneys.  Call 732-965-3390 for a free phone consultation.