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Bridgeport, CT Bankruptcy Attorneys Help Clients Rebuild Credit after Bankruptcy

Although filing for bankruptcy has gotten a bad reputation, there is much good that can come of it. One positive aspect in particular is that it allows you to create a better credit score in your immediate future. With the help of the skilled and effective Connecticut debt relief attorney Mark M. Kratter, you can create a sound financial future for yourself, and your family.

Bridgeport, CT Bankruptcy Attorneys Help Clients Rebuild Credit after Bankruptcy

Although filing for bankruptcy has gotten a bad reputation, there is much good that can come of it. One positive aspect in particular is that it allows you to create a better credit score in your immediate future. With the help of the skilled and effective Connecticut debt relief attorneys Mark M. Kratter, you can create a sound financial future for yourself, and your family.

Connecticut residents may avoid filing for personal bankruptcy because they believe it will prevent them from purchasing a home for many years. Although a bankruptcy will stay on an individual's credit record for at least seven years, filers can actually begin to apply for mortgages as soon as a year after filing for bankruptcy, as long as they have shown that they are working to improve their credit and overall financial status.

Filing for bankruptcy in Connecticut is never an easy decision. While it does provide debt relief, there are potentially lasting impacts on a person's life, including a negative impact on your credit score. However, filing for bankruptcy is not the end all be all, and the truth is that people can both survive and come out of it financially stronger. There are other ways to manage debt in order to prevent a bankruptcy filing, but for many people, it is the only way to move forward and begin a clean financial slate.