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Answered 2015-07-15 19:32:32

No, filing bankruptcy will never help improve your credit score, it stays on your report 10 years whereas a repo or foreclosure normally remain 7 years. So bankruptcy would only make your credit worse.

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This is an incorrect assumption that leads many people to avoid filing for bankruptcy. They fear that a bankruptcy will ruin their credit for a long time and that they will not be able to use credit, rebuild their credit or purchase a home in the future. The reality is that the majority of the people who are considering bankruptcy, already have poor credit, due to late payments, repossessions and foreclosures. Further, most people who file for bankruptcy can rebuild their credit to a relatively good level after two years. This depends significantly on what they do after filing for bankruptcy. It is important that you work toward rebuilding your credit after filing for bankruptcy.


Yes! That's one of the most important parts of bankruptcy filing, the Automatic Stay, which STOPS garnishments, foreclosures, etc immediately. To the extent that your wages have already been garnished, you will not get that money back.


Yes, in fact he already did get divorced.


He already did. Brent Celek is currently divorced and single.




The bankruptcy law does not set a time limit for banks to foreclose on your home after filing bankruptcy. In fact, banks are prevented from foreclosing or continuing a foreclosure already in process upon the filing of a bankruptcy without first obtaining an order from the bankruptcy court allowing it to foreclose or continue a foreclosure already commenced.


Filing for bankruptcy may enable you to recover your house from foreclosure. However the bankruptcy would entail dealing with your entire debt situation, not just the house.


Steve Parker, but they are divorced already.


No, Angelina Jolie and Brad Pitt are not already divorced. They have not even been married before. They did, however, become engaged in April 2012.


If the judgment debtor is already in bankruptcy, there is nothing you can do. If the judgment is for a debt for which discharge is not allowed, it survives the bankruptcy. If no bankruptcy has been filed, you can try to attach or levy on some property of the debtor that has some value, or equity.



Illusion Millan. They are already divorced.


Catherine Hannah, however, they are already divorced.


Yes they are already divorced


Absolutely, you can send the notice of bankruptcy filing to the court and you will not have to attend.


It's pretty shocking that they haven't already.


When an individual files for bankruptcy, he/she must list down all the creditors and debts that they have. If the bankruptcy has already been filed and the individual has incurred new debt but has not yet been discharged by bankruptcy, that new debt is not included in the bankruptcy discharge. For an official opinion, it is advised you seek legal counsel. It is really important to seek legal advice from the expert about filing for bankruptcy.


Unclear whether the deficiency would be filed by the lender or by the trustee of the bankruptcy estate.


Believe its every 7 years...You can file as many as you want. But if ever you filed already bankruptcy once then you should wait like 7-8years to file bankruptcy again. It depends on the chapter you are filing.


The best method to stop foreclosures is to pay any arrears that are due and to keep up with repayments when due. In addition to this, if one is already in arrears and facing foreclosure, then one may speak to their mortgage company about a repayment plan. Generally mortgage companies would prefer to just receive the money that they are owed than have to lose money on auction fees and other expenses associated with foreclosures.


If you included it in your bankruptcy, you're protected by the discharge. If you didn't and you're already discharged from Chapter 7, you may not be protected. I suggest you discuss this with your bankruptcy lawyer.


No, the IRS will get to keep it. And, even if you could get it back, the bankruptcy trustee would probably take it to distribute to your creditors.



Avril and Deryck are not divorced Avril and Deryck announced their divorce/got divorced in September 2009.



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