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Home > Crisis Management > Bankruptcy Education > Consequences of Bankruptcy

 

Consequences of bankruptcy

  • Credit reporting agencies may include bankruptcies on a credit report for up to 10 years
  • Some creditors will extend credit after a consumer files for bankruptcy but loans may be difficult to obtain and interest rates and fees for services may be very high
  • Landlords, insurance companies and other service providers may also decline or re-price products and services based on credit history

Learn about other consequences of bankruptcy from The American Bankruptcy Institute.

 

The information contained on this website regarding bankruptcy is intended as an overview and is not intended to be comprehensive.  Further, it is for informational purposes only and is not to be considered legal advice.  You should consult with an attorney for advice about your specific legal situation.

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