We have over 20 years of experience

Life After Bankruptcy

While creditors may want you to believe that filing for bankruptcy will ruin your life, we can assure you, that’s not the case. Our bankruptcy team has years of experience with clients before and after bankruptcy and can tell you what to expect after the process is complete. SunCoast Law have helped thousands of people just like you get out from under the heavy burden of debt and go on to rebuild credit and establish positive creditor relationships once again. Our attorneys are here to give you straight answers about bankruptcy, and the short and long-term effects it can have on you and your finances.

Credit Rating

While it’s true that a bankruptcy, either Chapter 7 or Chapter 13 will lower your credit scores immediately, it may not be as bad it seems. Many lenders are more willing to extend credit to you after a bankruptcy than another individual who is buried in monthly payments they can’t afford. Bankruptcy allows for more available income to be applied to credit accounts now.

Credit Potential

You can begin to rebuild your credit immediately following bankruptcy. You may be able to open a small savings account at a credit union and make regular deposits monthly. After building up the balance, you can apply for a small loan and borrow against the savings. Once you make timely payments to the credit union, you will begin to build good credit that gets reported to the credit bureaus. In time, after paying off the loan, you can open other accounts that contribute to your credit scores as well.

Mortgage and Rent

You will not necessarily lose your home by filing bankruptcy, unless you make the decision to let it go because payments are too high. If you choose to do this however, most apartment complexes will still rent to you with a bankruptcy on your credit history. In a few short years you’ll qualify once again for a home loan and can buy property then.

Car Loans

While you will pay a higher interest rate for an auto loan after bankruptcy, many auto dealerships will make you an auto loan as soon as one year following bankruptcy.

Moving Past Bankruptcy

While filing for bankruptcy is a serious life event for many people, it doesn’t necessarily have the negative consequences you might fear. To get the answers and information you need before making a decision, contact SunCoast Law for an initial consultation at, (844) 330-2727.

We offer debt relief solutions in compliance with U.S Bankruptcy Code.


Means Test

Chapter 7 Bankruptcy

Chapter 13 Bankruptcy

Chapter 7 vs Chapter 13

Chapter 13 Bankrutpcy Timeline


Free Consultations For Valuable Solutions

If you need to find a solution, contact a member of our team. SunCoast Law can help! We offer free initial consultations to all of our clients and would be happy to meet with you one-on-one.

What People Say?