Answer:
Yes, it is possible to borrow money after filing for bankruptcy. However, the terms you receive will likely be less favorable than those offered to individuals with good credit. Typically, borrowing after bankruptcy may involve higher interest rates. Lenders might also require additional security or a larger down payment.
It's important to take steps to rebuild your creditworthiness in the months following bankruptcy. Making timely payments can help improve your credit score.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.