A bankruptcy, by itself, won’t clean up your credit report. While many look at bankruptcy as a second chance on managing their finances, many do not fully understand the effects of bankruptcy on their credit report. Most bankruptcy lawyers are eager to retain your services as they know the process , when build hourly, will equate to thousands of dollars in income for the attorney. A credit restoration company such as ourselves operates on a fixed monthly rate. We know the process takes several months to get results and we are into the customer for the success story, not to bill hours.
When you file a bankruptcy, the discharge listing will show up in the Court Records part/section of the credit report. When you file a bankruptcy, you will list the creditors that you owe money to. These creditors in this listing will attach to the bankruptcy filing. It’s not that difficult to find out whom you owed money to before you file the bankruptcy. What this means is that a new credit grantor will be able to see your negative credit quite easily.
You need to hire a specialist that knows how bankruptcy and credit reports interact.