Will I be able to obtain credit after I file bankruptcy?
Debtors can seek secured credit cards to rebuild their credit. These are credit cards that are limited to an amount paid to the credit card lender. For example, a debtor can pay $500 to a credit card lender and receive $500 in credit. Hence, the $500 limit is secured by the $500 paid to the credit card lender. Debtors may also obtain credit after bankruptcy but at a higher interest rate.For further clarification bankruptcy and its effects, please feel free to contact us and one of our bankruptcy lawyers in Miami will be happy to help you.
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