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Bankruptcy Attorney serving Madison, WI
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Richard B. Jacobson & Associates, LLC
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It might. There are too many variables to answer your question. IF all other things are equal, a ch. 13 could lead to an increased credit score, but don't expect an immediate result. Good Luck
Answered on Oct 27th, 2016 at 6:26 AM
Every bankruptcy is going to damage your credit for a time. How soon you can rebuild your credit score once the bankruptcy ends depends on the steps you take. I have written over 10 articles on this topic. Credit repair is a complicated process and there is no simple or one size fits all solution.
Answered on Oct 26th, 2016 at 7:25 PM
Commercial & Bankruptcy Law Attorney serving Powell, OH
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Ronald K. Nims
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Wouldn't a Chapter 7 make more sense in your situation?
Answered on Oct 26th, 2016 at 7:24 PM
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Yes, after the chapter 13 discharge. A credit score will bottom out when a chapter 13 is filed and then slowly creep up during the case. A person should check their credit reports about 60 days after the case is discharged and make sure all the old debt is reporting correctly. In the first few months after discharge, a person's credit score should increase significantly.
Answered on Oct 26th, 2016 at 7:24 PM