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How would bankruptcy affect my credit?

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Technically a bankruptcy can stay on your credit report for up to 10 years. However, many of our clients are able to fully recover—and in some cases improve—their credit score within a year after filing. You can rebuild your credit score by using credit, but using it wisely: never max out your available credit. Also, filing for bankruptcy will wipe away all your dischargeable debts making your debt-to-income ratio advantageously better than before you file. A good debt-to-income ratio can aid you in achieving that desirable boost in your credit score. Most of our clients have a better credit score a year after filing than it was at the time of filing because the old debts have a zero balance and the debtor has disposable income freed up from filing.