Originally <a href='http://www.sportsbookreview.com/forum/showthread.php?p=25040131'>posted</a> on 12/28/2015:
I did it about 2 years after my divorce,(8 years ago) I got stuck with a ton of debt from the settlement. Basically you have to live bare bones for about two years, the payments you'll agree to are about 10 cents on every dollar you owe. No credit during those two years and for a year or so after your rating will be squat. After that CC offers will start rolling in a tidal wave. Once you get three years past your discharge date it basically back to normal. I bought a brand new car 3.5 years back and my credit score was 762 back in the summer. I'd say I'm doing Ok.
I did it about 2 years after my divorce,(8 years ago) I got stuck with a ton of debt from the settlement. Basically you have to live bare bones for about two years, the payments you'll agree to are about 10 cents on every dollar you owe. No credit during those two years and for a year or so after your rating will be squat. After that CC offers will start rolling in a tidal wave. Once you get three years past your discharge date it basically back to normal. I bought a brand new car 3.5 years back and my credit score was 762 back in the summer. I'd say I'm doing Ok.