Not true. Although the bankruptcy is reported on your credit report for 10 years, just because something is reported on your credit report does NOT necessarily mean it will have a negative effect on your credit standing. It is most often true that by the time you need to make an appointment to see a bankruptcy attorney….your credit is already messed up or maxed out…or both. This being the case…you have no credit for bankruptcy to hurt.
Paying bills after bankruptcy, like a home or car payment, and holding a steady job will allow you to improve your credit steadily and quickly each month following the bankruptcy. If you have not re-established good credit in 2 to 4 years after you file bankruptcy most likely it has nothing to do with the fact that you filed bankruptcy and it certainly has absolutely nothing to do with the fact that your credit history still shows an old bankruptcy.
Find out for yourself. Just call 515-225-3333 to set up a totally FREE initial consultation and talk with a Des Moines bankruptcy lawyer.