How will bankruptcy effect my credit and the ability to buy a car or a home in the future?
Some people have been able to purchase homes and cars within several years of doing a bankruptcy. Others have been denied credit, for many years because of the bankruptcy. It is fair to say that a bankruptcy will have a dramatic negative affect on your credit rating and your ability to get credit for a long time. How creditors will view the bankruptcy on your record will depend on the creditor and the type of credit you are applying for .
