Well, if your are considering filing for bankruptcy, chance are that your credit report probably doesn’t look too good to begin with. Filing for bankruptcy will stop the aging process of your defaulted accounts. In other words, those things that are 2 months or 3 months or 4 months behind will never get any older than that. And that is going to look good for you. If they are real old, well you might as well get rid of them and start fresh with a straight bankruptcy if you can. But we’re going to explain that to you. The thing that I want you to remember is that filing bankruptcy stops the aging process, and that is important, because when the aging process stops, the worst that your credit report will ever look is the day that we filed your petition.
I can provide you with a report that will show your current credit score and then it will show how your score can improve over the course of 2 years after your file for bankruptcy in Michigan. So, believe it or not, your credit score will improve after you file for bankruptcy. Your bankruptcy remains on your credit report for 10 years but your score will improve. I see it happen with others, it will happen with you.