A bankruptcy timeline

Debt Management 2006

Bad credit

 When your credit rating is in a deep hole it's tough to get a good foothold.
What happens before, during and after bankruptcy
3monthsTime to cut back
You've established that you're heading toward bankruptcy.
Avoid using credit cards as much as possible.
Make sure you don't charge for luxury goods or take out cash advances within three months of filing.
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Debt Adviser

Charged-off debt still due?

Dear Debt Adviser, I have a charge-off on my credit report. According to my credit report, it will fall off my report in 2016. I need information on what this means. It's my understanding that it cannot be collected after... Read more

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