debt

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

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Dear Debt Adviser, I am so glad you recently posted a question about an elderly mother. My mother has dementia. Eight years ago, she opened a credit card for a family member who has now declared bankruptcy. My mother only... Read more

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