What are the consequences of bankruptcy?
An example of an AI chatbot conversation about the effects of declaring bankruptcy.
What happens to my credit score if I file for bankruptcy?
Filing for bankruptcy can significantly lower your credit score, often by 100 points or more.
Will I lose my house if I go bankrupt?
It depends on the type of bankruptcy you file. In Chapter 7, you may lose your home, but Chapter 13 can allow you to keep it.
How long does bankruptcy stay on my record?
Bankruptcy can stay on your credit report for up to 10 years, affecting your ability to get loans.
Can I still get a credit card after bankruptcy?
Yes, you can get a credit card after bankruptcy, but it may come with higher interest rates and lower limits.
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