Will Bankruptcy ruin my credit score? October 12, 2012 10:04 pm Published by admin Your credit score is reflective of your debt repayment history with your creditors. If you are not able to pay back all or portions of your debts, then your credit score will suffer. Declaring bankruptcy in itself will not necessary “ruin” your score but certainly once you declare bankruptcy your score will reflect this fact. Your score will also reflect the fact if you are late paying your debts or simply default on your payments. Once you have completed bankruptcy for a Proposal then you can make a clean financial start and start to rebuild your credit. Recent Posts Bankruptcy Discharge Handbook The Great Deferral – Effects of Covid-19 on Personal and Business Bankruptcy Covid19 – Debt Crisis – Help Available. Covid19 Pending Debt Crisis: Don’t Panic – But Use the Down Time Wisely. Personal Budgets in 2020