Effects of Bankruptcy

What Does Bankruptcy do to My Credit?

Bankruptcy is one factor that lenders consider when deciding to loan you money, among other factors, including your income, the property you own and the debt you currently have.  Different creditors make the decision to loan money differently and the factors they consider and the weight given to these factors is in constant flux. However, bankruptcy filers have historically been able to obtain credit. Sometimes the ability to obtain credit improves after a bankruptcy filing when individuals reduce debt load and eliminate judgments.

Contact our offices today at (301) 942-0802 to learn more about the many Legal Services we provide. If you’d like a no obligation consultation on the benefits of filing for bankruptcy, simply complete our online Inquiry Form.

For the best Maryland attorney advice contact us for a free bankruptcy lawyer consultation over the phone or in one of Maryland offices in Frederick, Howard, Montgomery or Prince George’s Counties.

Chris Wampler Maryland Attorney

Chris Wampler & Eugene Souder: your Maryland attorneys

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