How Do I Get Re-Established?

Many people who are thinking about bankruptcy as an option for discharging debt, or who have already filed for bankruptcy, are often concerned about how bankruptcy will affect their credit report and their ability to obtain credit in the future. While it is true that a bankruptcy will remain on a credit report for years after it is filed, there are effective methods that can minimizing the effect of the bankruptcy on your credit, and help re-establish you down the road.

At the law firm of Rothschild & Ausbrooks, our attorneys understand the consequences of filing for bankruptcy and how this decision will impact a client's credit. In addition to providing advice and representation through all phases of the bankruptcy process, our lawyers provide clients with the resources necessary to responsibly and effectively re-establish credit after filing for bankruptcy.

Important Tips to Re-Establish Your Credit After Bankruptcy

  • Review your credit report: Ensure that debts discharged in bankruptcy are no longer listed and to verify other errors are not listed. It is important to send written notification and a copy of the bankruptcy discharge and schedule of creditors to the three credit bureaus (Experian, Equifax and TransUnion). Otherwise, debt obligations from which you have been legally released will incorrectly remain on your credit report.
  • Use credit cards responsibly: Many people are uneasy about using credit cards after filing for bankruptcy. However, the use of a credit card, if you are able to pay off all statements on time, may demonstrate your ability to use credit responsibly. Charging up large amounts on credit cards will likely do more harm than good, though, so take great care to maintain a budget if you do use credit cards post bankruptcy.
  • Pay your bills responsibly. Whether paying monthly utility bills, rent, child support payments, newly acquired credit card bills, school loan payments or even payments made under your Chapter 13 repayment plan, it is critical to always pay your bills on time, and early if possible. Make certain that checks will not bounce, because that too can be reported to the credit bureaus.

Contact Our Nashville Bankruptcy Attorneys

Please contact Rothschild & Ausbrooks, PLLC, today for more information regarding credit counseling and the bankruptcy process in Tennessee.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.