What Happens After Your Bankruptcy Discharge?

Life After Bankruptcy

Serving clients in Cook, DuPage, Lake, Kane, Kendall, McHenry and Will Counties from three convenient locations: Lombard, Bloomingdale, Chicago

Bankruptcy is not the end of the world. In fact, many people find they are eligible for credit immediately after a bankruptcy discharge because creditors know that individuals cannot file for bankruptcy again for at least eight years.

In general, it takes about two years for you to see competitive financing on car loans and about four years for competitive rates on home loans. However, it may be much sooner or a little later depending on a number of factors. We can help you better understand issues about credit and avoiding problems in the future.

To discuss your post-bankruptcy issues and the benefits of a fresh start, call 630-932-9100 for a free, confidential consultation.

Post-Bankruptcy Frequently Asked Questions

The following is an attempt to answer some of the questions we receive regarding post-bankruptcy issues. Please note that these answers are general in nature, and your answer may be different. For that reason, we strongly suggest you contact an experienced bankruptcy lawyer to explain your situation and discuss specifics as they apply to you.

Q. How long will bankruptcy remain on my credit history?

A. A bankruptcy can remain in your credit history for a period of 10 years. However, that does not mean you will be unable to get credit.

Q. What happens if I forgot to mention a creditor in my bankruptcy petition now that I have been discharged?

A. That depends on the type of bankruptcy. If you had a no asset case (where none of the creditors received any money or assets), then the unsecured debt you forgot to mention will also be discharged, even though the creditor never received notice of your bankruptcy.

Q. What happens if a creditor still tries to collect a debt that discharged by my bankruptcy?

A. You do not owe the money for debt that properly discharged in bankruptcy. The creditor is likely in violation of the bankruptcy laws and you may have an action or other remedy available. Contact us to further discuss your options.

Q. What happens if my discharged debt is still showing as a pending debt on my credit report?

A. Credit reporting agencies are under an obligation to properly report your credit history. If a properly discharged debt is still showing on your credit report, and the credit reporting agency is unwilling to correct this mistake, Contact Us to discuss your options.

Contact an Experienced DuPage County Bankruptcy Attorney Today

If you have questions about your fresh start after bankruptcy or about a post-bankruptcy matter, please schedule a free, confidential consultation by calling us at 630-932-9100 or, if you prefer, filling out our intake form so that we can contact you to schedule a consultation.

Pursuant to 11 U.S.C. §528, Steven H. Mevorah & Associates, P.C. is considered a debt relief agency. We will proudly help you file for bankruptcy relief under the Bankruptcy Code if we believe it is in your best interest.

'Steven H. Mevorah & Associates did a very good job, taking care of my Bankruptcy. I couldn’t have asked for a better firm. I would recommend your firm to family or friends.'
- D. W.

'We would like to thank Steven H. Mevorah and Assoc. and especially [our attorney] for helping us through a difficult time in our lives. Everyone in the office was very helpful and we will recommend this firm to our friends and family.'
- J. V. & C. V.

'I would like to thank the entire staff, especially [the paralegal on our case]. She was a great help. I have recommended a client already.'
- T. C.

'I feel the services I received far exceeded my expectations for the price I paid. All of my questions were answered promptly and I was always shown courtesy in my dealings with the attorneys and staff. I would definitely recommend this firm to anyone in need of assistance.'
- K. V.

'I highly recommend Steven H. Mevorah & Associates for their consistent proficiency, professionalism and outstanding knowledge in the handling of my case. They worked hard and were so organized, which enabled them to use the correct precision in making sure that nothing was omitted. Thank you to [my attorney and his paralegal] for closing my case with an outstanding outcome. I will ALWAYS be grateful, and will recommend Steven H. Mevorah to my friends.'
- A. S.

'I have used Steven H. Mevorah & Associates twice now and they did a great job in both cases. I will definitely recommend them to any family or friend in need.'
- G. M.

'I would like to thank [my attorney and his paralegal] personally for their hard work on my case. They answered all my questions quickly and to the point. I will definitely use your law office for any future issue that I may need. [I] will also recommend you to my family and friends. Thanks again for your excellent service.'
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'[We] just wanted to say thanks for a job well done – your staff did a great job as well. It was scary to go through that, but it turned out well. Thanks again.'
- R. U. & V. U.

'Thank you to [my attorney] & the Steven H. Mevorah & Assoc. staff. You helped my husband & I during a hard financial period; get back on track. Thank you again.'
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'I would like to thank [my attorney] with Steven Mevorah & Associates for all my legal needs. He helped me understand options I had with my case. He answered all my questions no matter how big or small. I will definitely use Steven Mevorah & Associates with any future legal needs. Thanks again. You Rock!'
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The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established and as any information submitted could be used by us in the event we represent an adverse party now or in the future. Legal advice cannot be given without full consideration of all relevant information relating to the visitor’s individual situation for which a full consultation is necessary. We offer free in-person consultations at each of our offices.