Does Bankruptcy Wipe The Slate Clean For A Second Chance?Bankruptcy wipes your debt slate clean, but most often leaves your credit report in the worst possible shape. The filing and discharge of your bankruptcy will remain on your credit report as court records for ten years. Each discharged debt will be reported as an "included in bankruptcy" account. Removing all traces of a bankruptcy filing is very difficult. If you want to keep clean credit, you'll avoid bankruptcy, if at all possible. You should only file bankruptcy if there is no way you can otherwise negotiate or pay your way out of debt within a reasonable time frame. You may also find these pages of interest:
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©1997- RMCN Credit Services, Inc. All rights reserved. RMCN Credit Services, Inc does not provide tax, legal or financial advice. If you need any type of legal advice,
you must contact a licensed attorney. Comments about the possible and/or potential outcome of Client's matters are based upon experience and prior success in these matters.
RMCN does not guarantee the permanent removal of accurate and verifiable information. Client's active participation in providing RMCN all requested documents, forms,
and information including investigation results are essential for the accomplishment of an accurate credit report.Individual results may vary.