The COVID-19 pandemic and the resulting shutdowns caused economic hardship for many people and businesses. For some, bankruptcy was the best way to escape crippling debt. Chapter 11 filings for businesses were up nearly 20% in 2020, with retailers and...
While there are several factors which impact your credit, filing for bankruptcy will likely have a negative impact on your credit for a long time. Of course, the severity of the impact will depend on your pre-bankruptcy credit, as well as your actions post-bankruptcy....