Yes, bankruptcy is often an important first step towards restoring your credit after years of late payments and chargeoffs. The best technique for restoring credit is to obtain a secured credit card (not a debit card) and make the payments promptly. This will help you begin your fresh start by enjoying positive credit reports with the three major credit agencies.
Will I ever be able to get credit again?
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File Bankruptcy and Get Rich
Ronald J. Drescher has been practicing since 1986 in the areas of business transactions, commercial litigation, loan documentation, bankruptcy, creditors’ rights, and out-of-court workouts. His experience also includes corporate reorganizations, insolvency, business and tax planning.
