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"Small Town Attention....To BIG City Problems."

"Small Town Attention....

                 To BIG City Problems."

"Small Town Attention....To BIG City Problems."
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Call to schedule a consultation 763-398-1676

Minnesota Bankruptcy

  • In short, yes. Filing bankruptcy is a serious financial decision that will impact your credit score, but most people who file already have a compromised credit score from not paying bills, the additional demerit to the credit score is usually not a factor in the decision whether to file or not. Chapter 13 bankruptcty will remain on your credit report for up to 7 years; Chapter 7 for up to 10 years. However, a bankruptcy will impact your short-term (2-3 years) ability to purchase real estate. Although a perfect 850 credit score will be a long way off, it is possible to build credit back up to a respectable level in a relatively short period of time.

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