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Posted in Bankruptcy
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jhudson269

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How do you know when you need to file for bankruptcy and which chapter you should file?
Have a bad score of around 540 and havn't ever really had a good score or been able to get approved for a credit card. Was doing really well with mortgage payments before default and foreclosure, but wasn't anything I could've done to prevent it. Just trying to get back on my feet need a lil credit for emergency situations

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A bankruptcy will not improve your chances for credit.  In fact, it will hurt worse than the situation you are currently in and it will hurt for 10 years.  The foreclosure isn't going to help, either.  I suggest looking at Dave Ramsey's site and getting information on debt repayment and good money management. Once you can get your spending under control and put life expenses in their proper order, then you will be able to weather any storm.

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