This is for anyone over 60 who has filed bankruptcy.?

Question

Due to a divorce I must file bankruptcy. He wanted a much younger woman. Will this be a mark against my credit forever? I guess I am asking is there life after bankruptcy?

Answer 1

Listen things will be fine just file and go on get a good attorney and you will be ok. He will get his and just look at it like this a whole new life a head of you. Like they say just pick your self up and start all over again. God bless you hang in there and when God shuts one door he opens another.If you need to talk get my email from my profile I will listen ok.

Answer 2

I have a friend who was 75 when she declared bankruptcy.  She is now 86 and again has her credit back, but it took years.  And the credit report would show that she had over 60k in hospital bills on credit cards when she did it.  An unscrupulous hospital employee talked her into putting all of her husband's bills on her credit cards.  So, I don't know if that is the reason that her credit is back in good standing, or what.  You should get a good lawyer though, and maybe avoid this if possible.  Regardless of what kind of woman he wants now, his responsibility for you and his part in your financial problems are still 50 % his.

Good luck.  Breathe deep.  And take it slow.

Answer 3

I filed bankruptcy about 3 years ago. It is a story too long to tell here but it was anything but a normal bankruptcy and was not due to me. Afterword, I found very little had changed. It is still on my credit report and it did lower my credit rating down to average but I was immediately offered new credit cards with interest rates of under 10%. I know Some people aren't as blessed but I know several people who have filed and had similar experiences. With patience and by working at it, anyone should be able to build or rebuild their credit in just a few years. Before my bankruptcy, I had built $100,000.00 worth of credit with a fixed income of less than $600.00/mo.