Debt Relief

Property & Assets

Bankruptcy FAQ

How Does Bankruptcy Affect Your Credit?

Many people are afraid that if they file for bankruptcy, they will ruin their credit. That is simply not true. In fact, filing for bankruptcy could be the best way for you to save and rebuild your credit. An experienced bankruptcy lawyer can provide straight answers.

At the Alexandria law office of the McBride Law Firm, we help individuals and families across Louisiana rebuild their credit and get the debt relief they deserve through bankruptcy.

From credit card debt to mounting medical bills, many people go through tough economic times. You are not the first to face these problems and you will not be the last. It is important to understand that bad credit is not the worst thing in the world. A lot of people amass bad credit during tough financial times, but as long as you have a job or steady source of income, you will be okay.

In fact, if you have built substantial debt, filing for bankruptcy could be the best way for you to begin to rebuild your credit. Once you get a fresh start and the debt relief you deserve, there are a few simple things you can do to get on the path to good credit. Our attorneys will make sure you have access to credit counseling, so you can come up with better habits.

For example, you can start to rebuild your credit by getting a low-limit, secured credit card, not exceeding your limit, and making all payments on time. If you file for Chapter 13 bankruptcy, you can help rebuild your credit by sticking to your repayment plan.

Contact Us

The more your debt grows, the more damage you will do to your credit. By filing for bankruptcy, you can get a fresh start and slowly rebuild your credit. We are ready to help you get on the path to good credit. Contact us today to schedule a free initial consultation.