Bankruptcy & Credit Scores
What happens to my credit score after I've gone through a bankruptcy process?
A big part of what a person's FICO score is based upon is that amount of unsecured debt they carry forward. Because of the bankruptcy proceeding, that debt is resolved, so typically within a year, a person's credit score can return to an "A" rating. The difficult part can be navigating through the bankruptcy process, so having a trained professional typically makes all the difference.