Michael B. Sachs, Attorney

(760) 202-2700


San Diego | Riverside | Orange | Los Angeles

Will bankruptcy affect my credit?

Yes, a bankruptcy is reported on your credit. However, bankruptcy is a double edged sword. While bankruptcy is considered black mark on your credit, it does serve to clear off bad debt, and that will improve your credit.

Will I be able to buy a house after filing bankruptcy?

You usually cannot get a home loan immediately after filing. You generally have to wait two years before you can qualify for FHA financing on a home.

Will filing bankruptcy affect my spouses credit?

The bankruptcy goes on the credit file of the filing individual. If you spouse does not file, then the bankruptcy will not appear on their credit file.


Please note:

The information you obtain on this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.