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What should be included in a letter of explanation of bankruptcy?

April 26, 2017Bankruptcy explanation included letter

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What should be included in a letter of explanation of bankruptcy?

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If you apply for credit or a loan following a bankruptcy discharge, the lender may request that you provide a letter of explanation of bankruptcy, which is simply your written statement explaining the circumstances that caused you to file bankruptcy. Additionally, you should describe how your financial situation has improved, as the goal of a letter of explanation is to support your loan or credit application.