As you can see, there are numerous ways a consumer bankruptcy can help you. I am sure you're thinking, “This all sounds fine and good but will I be able to re-establish my credit ever again?” The answer is, absolutely. While bankruptcy can stay on your credit report for up to ten years after filing a case, our clients are getting new credit almost immediately after the Chapter 7 or Chapter 13 bankruptcy is discharged and completed. For instance, our clients get credit cards and loans the first month after discharge. They are financing new cars and trucks the first month after bankruptcy. Our clients have also purchased homes within a year after filing bankruptcy. Yes, it’s true. Now, every person’s situation is different, and creditors take a person’s whole financial history when they make the determination to extend new credit, so it is ultimately up to them.
We have compiled lists of “bankruptcy friendly” banks, lenders and finance companies that are eager to help our clients after bankruptcy. So, give us a call, or visit our links page for contacts to these agencies to help you rebuild your credit and help you get back on your feet.
For a free consultation, call 312-427-7400 today to speak with an experienced Chicago bankruptcy attorney at Leeders & Associates, Ltd. for a free consultation.
Office Locations:
Loop: 20 E. Jackson Blvd., Ste. 850 Chicago, IL 60604
South Side: 10001 S. Western Ave. Chicago, IL 60643
O'Hare: 8770 W. Bryn Mawr, 13th Fl Chicago, IL 60631
SW Suburbs: 3333 Warrenville Road Ste. 200 Lisle, IL 60532
NW Suburbs: 2025 S. Arlington Heights Rd. Ste. 113 Arlington Heights, IL 60005
Northern Suburbs: 228 N. Genesee, Ste. 205 Waukegan IL 60085
As you can see, there are numerous ways a consumer bankruptcy can help you. I am sure you're thinking, “This all sounds fine and good but will I be able to re-establish my credit ever again?” The answer is, absolutely. While bankruptcy can stay on your credit report for up to ten years after filing a case, our clients are getting new credit almost immediately after the Chapter 7 or Chapter 13 bankruptcy is discharged and completed. For instance, our clients get credit cards and loans the first month after discharge. They are financing new cars and trucks the first month after bankruptcy. Our clients have also purchased homes within a year after filing bankruptcy. Yes, it’s true. Now, every person’s situation is different, and creditors take a person’s whole financial history when they make the determination to extend new credit, so it is ultimately up to them. 
