How can I rebuild my credit score after filing for bankruptcy?

January 26, 2024

A common concern for people who are facing bankruptcy is whether they will ever be able to get a loan to buy a house or car again. Wiggam Law Office does not currently practice in the area of credit repair, there are numerous resources of varying quality available to help guide people through the process of rebuilding credit history after emerging from bankruptcy. After all, the point of bankruptcy is to find protection from creditors while fixing one's finances so that big goals like a house or car become more possible than they were before the bankruptcy.


One such resource comes directly from Equifax, one of the three major credit reporting bureaus. https://www.equifax.com/personal/education/personal-finance/articles/-/learn/rebuilding-credit-after-bankruptcy/


Essentially, a key piece of rebuilding your credit score is to prove that you can be responsible with access to credit in small ways and gradually build back up.


A free copy of your credit report is available once per year from each of the three major credit reporting bureaus (TransUnion, Experian, and Equifax) here: https://www.annualcreditreport.com/index.action

A room filled with cardboard boxes and pillows next to a window.
July 14, 2022
One of the most issues people worry about is what will happen to their property if they file for bankruptcy. In most cases, individuals and couples (but not companies) who file for bankruptcy usually get to keep most of the things that are needed to live a normal life. This is because, under Wyoming law, people can claim certain property, up to specific limits, as exempt. This protects the property from creditors, either inside or outside of bankruptcy.