You’re probably wondering if I have lost my mind. How can filing for Bankruptcy help you find a better job? By allowing you to improve your credit score, that’s how. Last week, I met with a potential client who told me he was turned down for a well paying Truck driving job because of his bad credit score. Instead he took a ten dollar an hour job which will make it impossible to pay off his debts. How will Bankruptcy help him? For starters, he will get rid of the unsecured debt, and debt collector harassment and garnishments that is making it impossible for him to make ends meet. Secondly, once he files for Bankruptcy he can start rebuilding his credit. Without a bankruptcy he may never pay off his debts, resulting in reports of debt and missed payments and a credit score that has no place to go but down. In my experience 90% or more of my clients see an increase in their credit score within a year after filing. That means, better jobs, lower interest rates and lower insurance costs.
