What Happens After Filing for Personal Bankruptcy?
After filing for personal bankruptcy, you’ll be granted the protection of the automatic stay. From there, the court will assign your case a trustee and that person will organize a Meeting of Creditors to alert them of your filing.
Rebuilding Personal Credit After Personal Bankruptcy
Personal bankruptcy affects an individual’s credit score in a variety of ways. However hopeless it may seem, there are responsible ways to begin building credit again almost immediately. Most importantly, stay on time and consistent with any and all repayments.