When you cannot repay the debt, you may be deemed as bankrupt. It can even reflect in case of huge loss in business or financial support that helps you sail across your daily life or major economic paths. When you go bankrupt, your CIBIL score decreases and getting further credit is next to impossible. Worst, bankruptcy shows on your credit report for at least 7 years.
You can also recover from bankruptcy and establish a sound credit score by following the below-mentioned measures:
Subscribe to our newsletter
Akshar Blue Chip IT Park, 703, Thane - Belapur Rd, Turbhe, Navi Mumbai, Maharashtra 400705