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One of the biggest fears people have about filing bankruptcy is the impact on their credit scores. Will your credit score be trashed forever? How low will it go? Credit has become such a staple in our lives that living without good credit can be a huge inconvenience. People are so afraid of losing their good credit – their mediocre credit even – that they struggle with debt for months or years and still end up filing bankruptcy. Unfortunately, there’s not much good news about your credit score when it comes to bankruptcy, but that doesn’t mean you should hold up on filing bankruptcy just to hold on to your credit score.
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