Will a bankruptcy ruin my ability to obtain credit?

No. If you are able to show creditors that you are working to become financially stable, creditors will agree to grant you credit. You should be aware, however, that the interest rates on credit cards obtained after bankruptcy may be quite high. Paying off your debts and only charging necessary items is the best way to ensure that you do not fall back into dangerous credit habits. Bankruptcy can be a liberating decision if you are overwhelmed by debt, but recovery from the consequences of bankruptcy will take time and commitment. Be patient as you rebuild your reputation as a reliable debtor. If you eliminated past debt, it may take creditors and other institutions some time to recognize your efforts to become more financially responsible. Life after bankruptcy may be difficult at first, but over time you will find that your decision to file for bankruptcy has truly given you a new lease on life. For more information about the services we provide and to schedule your free initial consultation, contact the board certified bankruptcy attorneys in Clear Lake at 281-332-4800 or Galveston at 409-765-6000 or toll free at 1-800-291-0898.