By: Darrell Castle

People often have the wrong mindset about how a bankruptcy will affect their credit score.

If you’re turned off by bankruptcy because you think it’s going to kill your credit, then you’re thinking about it all wrong.


Are you in the position to be considering or thinking about bankruptcy? Well, surely that means you’re behind on your bills and in debt. And since one of the biggest factors of your credit score is on-time payments, your credit score is probably already less than good.

This is why a bankruptcy can actually HELP your credit score!

By filing for bankruptcy, you can rid yourself of that debt that’s put your credit score where it is now. You could file Chapter 7, which is a complete discharge of all your dischargeable debt. Or you could file Chapter 13, which is when your debt is lumped into an AFFORDABLE repayment plan over a longer period of time. Each chapter comes with its own qualifications and benefits that a bankruptcy attorney can further explain.

Then, once the bankruptcy is complete, that debt is gone and you have a clean slate. You have a fresh start!

This is a great opportunity to begin taking the proper steps to re-establish and rebuild your credit score the RIGHT WAY.

At Darrell Castle & Associates, we have access to a wonderful program – 7 Steps to a 720 – that will teach you those proper steps. This is an online course that teaches you the tips and tricks the banks don’t want you to know in regards to rebuilding your credit score to an A+ rating after a bankruptcy. And we offer this course FREE to our clients.

A fresh start is one of the many benefits of filing for bankruptcy, and we’d love to tell you more.

If you’re struggling financially and want to talk to someone experienced about your options, then our FREE bankruptcy consultation is perfect for you, which you can learn more about here.

To schedule an appointment, call (901) 327-2100 today or fill out one of the contact forms on this page to have someone call YOU.

Our firm has received multiple Client Distinction Awards from Martindale-Hubbel for client satisfaction so I can assure you that you’re in good hands.