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No, filing bankruptcy will never help improve your credit score, it stays on your report 10 years whereas a repo or foreclosure normally remain 7 years. So bankruptcy would only make your credit worse.

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โˆ™ 2015-07-15 19:32:32
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Q: If you just divorced and already have foreclosures and repossessions on your credit report will filing bankruptcy help your credit score?
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Related questions

Does bankruptcy ruin your credit?

This is an incorrect assumption that leads many people to avoid filing for bankruptcy. They fear that a bankruptcy will ruin their credit for a long time and that they will not be able to use credit, rebuild their credit or purchase a home in the future. The reality is that the majority of the people who are considering bankruptcy, already have poor credit, due to late payments, repossessions and foreclosures. Further, most people who file for bankruptcy can rebuild their credit to a relatively good level after two years. This depends significantly on what they do after filing for bankruptcy. It is important that you work toward rebuilding your credit after filing for bankruptcy.


Can you include your home in a bankruptcy after the bankruptcy has already been discharged?

No.


If a credit card company has sued you and the judge has your wages garnished can you include that credit card in your bankruptcy?

Yes! That's one of the most important parts of bankruptcy filing, the Automatic Stay, which STOPS garnishments, foreclosures, etc immediately. To the extent that your wages have already been garnished, you will not get that money back.


Is Randy Travis getting divorced from his wife?

Yes, in fact he already did get divorced.


Can you file bankruptcy if you were already sued?

Sure. Common.


Is brent celek getting divorced?

He already did. Brent Celek is currently divorced and single.


Are Avril Lavigne and her husband Deryck Whibley already divorced?

Updated: Yes, they are getting divorced.


If you have already filed bankruptcy but have not been to your hearing yet can you add a medical bill that has just happened to the bankruptcy?

No, only pre-petition debts may be discharged in a bankruptcy.


Can a person file Chapter 7 bankruptcy if their spouse already has?

Yes, you can.


Who did Shirley MacLaine marry?

Steve Parker, but they are divorced already.


Is there a time limit for banks to foreclose on your home after filing bankruptcy been discharged?

The bankruptcy law does not set a time limit for banks to foreclose on your home after filing bankruptcy. In fact, banks are prevented from foreclosing or continuing a foreclosure already in process upon the filing of a bankruptcy without first obtaining an order from the bankruptcy court allowing it to foreclose or continue a foreclosure already commenced.


Can you file bankruptcy on your house if already in foreclosure?

Filing for bankruptcy may enable you to recover your house from foreclosure. However the bankruptcy would entail dealing with your entire debt situation, not just the house.


Are Angelina Jolie and Brad Pitt already divorced?

No, Angelina Jolie and Brad Pitt are not already divorced. They have not even been married before. They did, however, become engaged in April 2012.


How do i protect my judgment against someone in bankruptcy?

If the judgment debtor is already in bankruptcy, there is nothing you can do. If the judgment is for a debt for which discharge is not allowed, it survives the bankruptcy. If no bankruptcy has been filed, you can try to attach or levy on some property of the debtor that has some value, or equity.


Are Tim Hagan and Kate Mulgrew getting a divorce?

They are already divorced.


Who did Nate Richert marry?

Catherine Hannah, however, they are already divorced.


What is Cesar millan's wifes name?

Illusion Millan. They are already divorced.


Are Tim hagan and kate mulgrew divorcing?

Yes they are already divorced


Is Houghton Mifflin Harcourt about to go into bankruptcy?

It's pretty shocking that they haven't already.


If a credit card company has already set a court date against you can you still file bankruptcy?

Absolutely, you can send the notice of bankruptcy filing to the court and you will not have to attend.


If a lender is already in bankruptcy can they still file a deficiency judgment against you in the state of Florida?

Unclear whether the deficiency would be filed by the lender or by the trustee of the bankruptcy estate.


What if the debt is incurred after the bankruptcy filing but before the bankruptcy discharge?

When an individual files for bankruptcy, he/she must list down all the creditors and debts that they have. If the bankruptcy has already been filed and the individual has incurred new debt but has not yet been discharged by bankruptcy, that new debt is not included in the bankruptcy discharge. For an official opinion, it is advised you seek legal counsel. It is really important to seek legal advice from the expert about filing for bankruptcy.


How often can you file bankruptcy?

Believe its every 7 years...You can file as many as you want. But if ever you filed already bankruptcy once then you should wait like 7-8years to file bankruptcy again. It depends on the chapter you are filing.


What is the best method to stop foreclosures?

The best method to stop foreclosures is to pay any arrears that are due and to keep up with repayments when due. In addition to this, if one is already in arrears and facing foreclosure, then one may speak to their mortgage company about a repayment plan. Generally mortgage companies would prefer to just receive the money that they are owed than have to lose money on auction fees and other expenses associated with foreclosures.


When you are already married and you converted to a Muslim can you get married again?

Not unless you get divorced (or widowed) first.