As a bankruptcy attorney, I'm often asked about the effect of bankruptcy on credit scores. Most people who come see me already have poor credit, so a bankruptcy is not going to make things any worse. But i've never actually seen an actual credit score number linked with bankruptcy (or foreclosure) until now.
Click here for article.
Keep credit score in proper perspective. It should be the least of your concerns if you are in danger of losing your home or are being sued by your creditors. And keep in mind that while a bankruptcy (or foreclosure) may have an immediate negative impact on your credit score, it will eliminate debt and in the long run this will help you rebuild your credit.
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