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I filed Bankruptcy, now what?

Clients file bankruptcy and then they want to know what to do to start rebuilding credit. That answer depends on the client and the chapter of bankruptcy that was filed.

If the client just filed a Chapter 13 then they cannot incur debt without first filing a motion with the court. However, if this motion is successful and they purchase some sort of secured property, the payments when reported to the clients credit will help to rebuild credit if payments are made on time, etc.

If a client filed a Chapter 7 then they have a few more options on rebuilding creditor. Similar to the Chapter 13 client, they can purchase a secured property such as a vehicle or house and the on time payments will help rebuild their credit. However, they do not have to file a motion to incur debt that the Chapter 13 client has to file. The Chapter 7 client can also get a secured credit card to help rebuild.

Something to keep in mind…. Anything you do that helps rebuild your credit can also damage your credit if payments are not made timely as originally agreed upon with the creditor. So rebuild but be careful to not be damaging credit further.


For Current Clients



Our Locations

St. Charles Office

1861 Sherman Drive
St Charles, MO 63303
Phone: 636-916-5400

At Hwy 94 and Hwy 70.

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St. Louis Office

3470 Hampton Ave, Suite 101
St. Louis, MO 63109
Phone: 314-353-0834

Close to the corner of Hampton Ave and Chippewa. By appointment only.

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South & Jefferson County office

7321 S. Lindbergh Ave., Suite 222
St. Louis, MO 63125
Phone: 636-916-5400

Across the South County Mall.

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Florissant Office (North County)

1281 Graham Rd, Suite 300
Florissant, MO 63031
Phone: 314-921-1880

At North Hanley and Hwy 270.

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Belleville Office (St. Clair county)

2 Park Place Professional Centre
Belleville, Illinois 62226
Phone: 618-977-9560

On Hwy 159, next to Schnucks.

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Granite City Office (Madison County)

3600 Nameoki Rd, Suite 201
Granite City, IL 62040
Phone: 618-977-9560

Across Shop'n Save, by appointment only.

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