Davis, CA Bankruptcy Law Firms & Lawyers

Your credit score should automatically improve within two years of the discharge and you can improve it quicker by obtaining credit and paying on time. Most people are offered credit cards and other types of credit shortly after bankruptcy assuming they have good income. Most likely you will not be able to obtain a mortgage for at least two years after bankruptcy. It might take three to four years of credit rebuilding efforts to obtain a reasonable mortgage. Car loans will be generally available easily shortly after bankruptcy but at a higher cost and with more down payment required.

File a Proof of Claim when prompted by the Bankruptcy Court to do so. Up to $12,475 in salary unpaid during the 180 period prior to the filing is entitled to priority status, with the balance being general unsecured debt. You should probably discuss this with local counsel.

There will be an issue if you have debt in common. Though she will discharge her obligation to the debt, if you are a co-debtor, you will still be held responsible.