Sentences with phrase «long after they file bankruptcy»

Many people find that their credit scores improve not too long after they file bankruptcy.

Not exact matches

RadioShack, a long - ailing 94 - year - old electronics chain, filed for bankruptcy protection on Thursday after striking a deal to sell up to 2,400 of its stores to the wireless service provider Sprint and a hedge fund that is its biggest shareholder.

A bankruptcy hurts your credit score for a long time after the filing, making it harder to qualify for unsecured credit cards with low interest rates, high credit limits and rewards programs.

Regardless of whether you filed for bankruptcy after an expensive medical emergency or the loss of a job, many banks will steer clear of you and refuse to make unsecured or long - term loans as long as the bankruptcy is on your credit report.

But remember that a bankruptcy will hurt your credit score for a long time after the filing, making it harder to qualify.

Even long after your divorce is finalized, if your ex-spouse has any loans or lines of credit that still have your name on them when they file for bankruptcy, it could have a negative impact on your credit score.

Your discharged loans may drop off your credit report before the bankruptcy itself, depending on how long you waited to file after falling behind on payments.

And although long strugglers do not file bankruptcy until long after the benefits outweigh the costs, they still report being ashamed of needing to file.

It will take longer to recover after filing bankruptcy (which stays on your report for 10 years), for instance, than it will if you just had a couple of late payments.

And while it's true that bankruptcy can stay on your credit for up to 10 years, it's also true that you can begin to seriously bounce back from bankruptcy in just one year or so — as long as you pay all your bills on time and manage your finances wisely after your bankruptcy filing.

As long as the Bankruptcy case is filed before the last publication date, after the Bankruptcy Court lifts the Automatic Stay, the lender will have to file a new foreclosure case, with a public trustee sale date about 120 days later.

A Chapter 13 bankruptcy stays on your credit report for seven years from the filing date and will hurt your credit score for a long time after you file.

Many clients ask what life after bankruptcy will be like and how long it will take to recover from filing a bankruptcy.

Many people arrive at the conclusion that they would be better off filing for bankruptcy after a long and arduous term of trying everything they can to dig themselves out of the financial hole that they find themselves in.

After a bankruptcy filing, you have no choice but to start the long slog of rebuilding bad credit.

In the beginning, you will pay a higher interest rate for credit; however, this will improve the longer you wait after filing bankruptcy to apply for credit.

Sales disappointed and not long after, while trying to undo the wrongs and develop small and very cool concepts again, Playlogic filed for bankruptcy.

Such disasters have befallen the New York City Opera and Long Island College Hospital, two major New York institutions that collapsed in financial disarray in recent years, and the Crystal Cathedral in California, which filed for bankruptcy protection in 2010 after accusations that its board had imprudently borrowed against the endowment.

The automatic stay no longer protects you if you fall behind again after you file bankruptcy.

If your surviving spouse or partner files for bankruptcy, it may take seven to ten years (or longer) after losing the home or going through foreclosure to qualify to buy another home.