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Can bankruptcy hurt you

Updated: 9/15/2023
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Abdoulo271

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13y ago

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Whether you are filing Chapter 13 or Chapter 7 bankruptcy, your credit score will be directly impacted for 7-10 years AFTER you exit protection.

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13y ago
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Related questions

Can a past bankruptcy hurt your chances of getting a good job?

the only way bankruptcy can hurt you if that job check your credit. if i was you i won't bring it up unless your asked.


Does a timeshare foreclosure hurt your credit after a bankruptcy has been discharged?

Any foreclosure or bankruptcy affects your credit. And for anywhere from 7 -10 years.


If you add your wife who has a discharged bankruptcy 4 yrs ago to your credit card can hurt the husband's stellar credit score?

Yes. But not as much as if the husband did the bankruptcy.


Dose it hurt your credit if a cosigner files bankruptcy on there car?

If you have co-signed and the primary borrower has defaulted, you will need to step up and pay. If not then it will hurt your credit rating.


What if an authorized user files bankruptcy does it hurt the card holder?

No, because an AU is not legally responsible for repayment of the debt incurred on the account.


If you get a small amount of life insurance but need it for funeral expenses will it hurt your chances of discharging a Chapter 7?

Most life insurance benefits are exempt from bankruptcy. Contact the trustee or the attorney who handled the bankruptcy to find out what applies in this situation.


Can a church file bankruptcy you lost most of your members and cannot pay for the building anymore you had 3 couples who signed there name to get the bank loan Will it hurt them?

A non-profit like a church can file for bankruptcy;I'm not sure about how it will affect the co-signers.


How could it also hurt YOU if you declared bankruptcy?

Negative effect on your credit, Property may be affected, Not all debts can be eliminated, adverse effect on your financial situation, influence the status of your security clearance if you don't inform your employer about your bankruptcy and why you've filed for bankruptcy, can also limit future job opportunities depending on the field of work you are in, you may not qualify for new credit, Not all retirement plans are protected.


You owe your sister money can you file bankruptcy on that loan?

If you file bankruptcy, you file bankruptcy on everything. You can not file bankruptcy on one loan.


How long bankruptcy after discharged records stays?

1st bankruptcy = 7 years 2nd bankruptcy = 20 years 3rd bankruptcy = life


Which companies offer information on bankruptcy?

Some companies that offer information on bankruptcy include Dow Jones and Jacob Meyers Bankruptcy. You can also find information on bankruptcy on the bankruptcy Wikipedia page.


What is the plural of bankruptcy?

The plural of bankruptcy is bankruptcies.