Clifford Law Offices PC
Get Your Free Case Review
Main Menu Email Us

How Filing for Bankruptcy Affects Credit - Advisory from ISBA

Question: If I file for bankruptcy, how will it affect my future credit? Answer: Most people find it difficult to obtain long-term credit, such as a mortgage, shortly after a bankruptcy has been filed. For other types of credit, experiences vary. Many people can obtain credit on good terms within three years after a bankruptcy, but the bankruptcy itself may remain on your credit report for 10 years. For more information about Illinois law, visit If you have a legal question, send it to Illinois Law Now is a series of newspaper and internet posts prepared by the Illinois State Bar Association that address legal issues of interest to the public. For additional information about the law, visit

Privacy Policy | Business Development Solutions by FindLaw, part of Thomson Reuters.