If I File Bankruptcy Will I Ever Get Credit Again, And Again?

05 Aug If I File Bankruptcy Will I Ever Get Credit Again, And Again?

Debtors report receiving credit applications after bankruptcy, often from the same lenders whose debts were discharged. A study of empirical data collected from post-bankruptcy debtors by University of Iowa Associate Law Professor Katherine Porter concludes that creditors repeatedly solicit debtors with everything from credit cards and live checks to car loans and mortgages. Professor Porter tells us “[w]idespread marketing provides a powerful example of the credit industry’s willingness to profit from financially distressed and vulnerable customers.” See Bankruptcy Profits: The Credit Industry’s Business Model For PostBankruptcy Lending.

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Andy Miofsky, Esq.

Andy Miofsky holds the highest AV PREEMINENT rating from Martindale Hubbell Law Directory and a perfect 10.0 from AVVO. Andy is an Illinois consumer rights lawyer with offices in Granite City Illinois. Andy represents people with bankruptcy and student loan debt problems throughout the Southern District of Illinois since 1979.

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