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Gregory Perenich
30 August 2021

3 Bankruptcy Tips

Are you or a loved one unable to pay your debts and need help? Read these 3 bankruptcy tips, then call our Tampa Bay lawyers to get started.

Bankruptcy Affects Credit Score

3 Bankruptcy TipsAlmost always a client will ask me what a bankruptcy will do to their credit. The short answer is that it’s going to hurt your credit, but most people who are in the consideration stage of bankruptcy already have impaired credit. What I tell my clients is that, on a scale of one to ten, your finances are level ten and your credit is probably at level two in terms of what’s important. The reason is simply this – ultimately your credit will follow your finances. When a person straightens out their financial picture, the credit problem solves itself.

I’ve been representing bankruptcy clients for about 30 years now throughout Florida and the Tampa Bay area. I provide free consultations in which I carefully look at my client’s finances and consider whether to file bankruptcy and what chapter to file under. I’m happy to help.

Rebuilding Credit After Bankruptcy

When I meet with clients, I always discuss what we can do, even from the beginning of the bankruptcy case, to make their credit look better. The answer is just responsible spending. A person can get a small credit card that they pay off – and by small, I mean a low credit limit that’s paid off every month responsibly – essentially, just paying the bill on time. These are excellent ways to improve credit. Credit typically improves very quickly after bankruptcy over time. We provide a free consultation here at our offices throughout the Tampa Bay area, and we are happy to help.

Spouse Files Bankruptcy

Almost always when I represent one spouse who is considering bankruptcy, they will ask whether or not their bankruptcy will affect their spouse or their spouse’s finances, and the short answer is no. You can’t impair your spouse’s credit by filing your own bankruptcy. At the same time, it won’t remedy any financial problems that the spouse will have. If the client is filing a Chapter 13 bankruptcy, however, Chapter 13 requires that the entire household income is dedicated to the Chapter 13 plan, so it would affect the spouse only in the sense that their earnings would be part of the entire analysis of what the payment would be under a Chapter 13 plan.

At Perenich Law Injury Attorneys, we’ve been representing bankruptcy clients for about 30 years throughout the entire state of Florida. Give us a call. I’m happy to sit down and meet with you, and go through your finances carefully, and the consultation is free.


Are you or a loved one unable to pay your debts and have questions about our 3 bankruptcy tips? Contact our experienced Clearwater Bankruptcy Lawyers  at Perenich Law Injury Attorneys today for a free consultation and case evaluation.

Our Florida law firm helps those struggling with debt see the light at the end of a dark tunnel. Let us navigate it for you.

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