Will Bankruptcy Ruin My Credit For 10 Years?

Bankruptcy will appear on your credit report for 10 years, but it does not necessarily ruin your credit. Many people are able to restore and rebuild their credit within just a few years after they have filed bankruptcy. What ruins your credit is not paying bills on time. Bankruptcy actually gets rid of your bills, so as long as you start paying your new bills on time, you can actually rebuild your credit.

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