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Most likely, yes. One of the biggest effects that filing for bankruptcy has is on your credit. Bankruptcy will stay with your credit for roughly 10 years and because of that your score will decrease, at least initially.

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โˆ™ 2009-11-03 17:33:46
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Q: If your credit score is 565 after filing a chapter 7 bankruptcy that is not discharged will it lower more when the discharge becomes official?
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If your credit score is 535 after filing a chapter 7 bankruptcy that is not discharged will it lower more when the discharge becomes official?

Your credit rating after bankruptcy is based on a number of factors. Many people are consider a good credit risk after bankruptcy if they have no debt and a job. Visit my web site for an article on rebuilding credit after bankruptcy: http://www.chs-law.com/2005/05/rebuilding-credit-after-bankruptcy.HTML.AnswerMy score raised from 530 to 572 when I received my chapter 7 dicharge.


Can you file bankruptcy on student loans?

Sadly, yes. What a way to start your life though. Adding that to your resume is not a great idea. Student loans are not usually discharged in bankruptcy. While in bankruptcy, collection efforts will cease until the bankruptcy becomes inactive.


If I dont pay my bad credit how long before it legally becomes void?

There is no statute of limitations on debt. If you owe it, you always owe it, unless the debt is 'discharged' during a bankruptcy proceeding.


What happens to an object when it is grounded?

It becomes electrically discharged.


If the cosigner files bankruptcy and claims the debt of the cosigned loan is the cosigner relieved of the cosigned debt?

Unfortunately, no. For all co-signed debts, both signers are liable for repayment of the debt. When one party has their obligation discharged by bankruptcy, the remaining debtor becomes 100% liable for repayment of the balance.


What does the term 'corporate bankruptcy filing' mean?

Corporate Bankruptcy Filing is the name given to the process when a business becomes insolvent and unable to meet their debt commitments. This is in contrast to personal bankruptcy where an individual becomes insolvent.


Can you file bankruptcy once a judgment has been filed?

Yes. Some judgments can be discharged in bankruptcy. Judgments that have been perfected into property liens cannot as the judgment holder becomes a secured property creditor. Judgments awarded in conjunction with personal injury or property damage caused by negligence are generally not dischargeable.


Can a lawsuit settlement be taken after bankruptcy discharge?

If the debtor has a lawsuit for damages AGAINST a person, that lawsuit becomes part of the BK and the BK trustee would have the power to settle/go to trial and keep any judgment for distribution to creditors. If the debtor is being sued by ANOTHER person, it would have to be listed in the BK petition, and the cause of action would be discharged (unless it involves debts that are non-dischargeable)


Why tan delta test give negative values?

The reason is that internal voids within the insulation will discharge as the voltage rises; once discharged, they will not do so again at some higher voltage. if all voids become discharged, theoretically the plot of tan delta versus voltage would level off to a horizontal line. In effect, tip-up becomes "negative".


If you discharge the debt of your home with a chapter 7 bankruptcy can they take your home if you are paying the monthly loan payments?

The debt is secured by the property. The debt won't be discharged without the property being used to pay off as much of that debt as possible (called a secured claim..getting the first right to the money from that asset - any excess (that is extra debt) becomes an unsecured claim pais by the sale/seizure/sue of the unsecured assets)....NO IN BK YOU DON'T GET TO JUST DISCHARGE DEBTS AND KEEP ASSETS. BK involves all of your debts and all of your asssets...(not selected ones)...they are given priorities under the law and by the court...one is used to pay the other...excess debt of some types may be discharged and in essence "forgiven". And I'm confused, if you think the debt on your home was discharged - so their is no loan...what payments would you have to default on?


What is produced as a lead-acid battery is discharged?

When a lead acid battery becomes discharged both electrodes undergo chemical changes to form lead sulphate and eventually the battery dies.


Can Chapter 7 remove your name from a joint mortgage?

There is nothing that "removes" a name from a mortgage. That contract, like all contracts, is relevant until it is completed (paid). However, chapter 7 bankruptcy can discharge the debt. On any joint debt that one party discharges through bankruptcy, the other account holder becomes 100% liable for the balance.


How do you know when a relationship becomes official?

A relationship is in most cases official when it's on Facebook.


If you are a secondary card holder and the primary card holder declares bankruptcy how does that affect your score and what if you cancel your account before he declares bankruptcy?

If the BK filer is allowed to discharge the debt a joint account holder who is not a party to the bankruptcy becomes solely responsible for the entire amount. Cancelling or closing the account will not change the fact that the person will still owe the debt and it will eliminate the possibility of said person to negotiate terms with the lender if it becomes necessary. If the joint account holder continues to meet the required terms of the account agreement his or her credit score will not be negatively affected.


You have creamy white discharge what could that mean?

that is normal it is how the vagina cleans out itself it is however something to wory about if that discharge becomes thick and yellowy coloured


Does a tv have electrical current when unplugged?

Current, no - Charge, yes - Although that charge becomes a current when you discharge it. Capacitors have a residual voltage when power is removed, unless something (such as a resistor) is used to discharge that voltage. The TV CRT (Picture Tube) is a VERY LARGE capacitor, with a VERY LARGE voltage. (25kV typically for a 25 inch set). There is generally no discharge circuit, so you MUST discharge the CRT before working on it. Additionally, due to capacitive memory, the CRT can regain part of its charge even after being discharged, so it is prudent to always discharge immediately before working on it.


If you received inheritance after bankruptcy can a creditor with a secured promissory note go after it?

If you receive an inheritance within 180 days after filing bankruptcy, it becomes the property of the bankruptcy estate and the Chapter 7 trustee can distribute the proceeds for the benefit of creditors.


Is it normal to have brown discharge showing every other day around week 5 of pregnancy?

Yes this is normal. If the discharge becomes red - see your doctor.


What happens if a baseball game doesn't have a official scorer?

The home team scorer becomes the official scorer


Is white thick non-itchy normal smelling discharge a sign of pregnancy?

If the discharge is a very milky and white with a none smelling then yes it could be sign but if the discharge becomes thick and smelly then you need to go to the doctors.


Why an electricity discharged occurs?

The energy of the charge becomes greater than the insulating value of whatever separates the charge from its ground point.


What happens to a promissory note when the note holder files for bankruptcy?

The note becomes a part of the bankrupt individuals assets.


What happens when you receive a summons that you are being sued by a credit card company right at the time you are filing for bankruptcy?

When a bankruptcy is filed an automatic stay goes into effect. This halts almost all actions by creditors such as, lawsuits, garnishments, foreclosures, contempt proceedings pertaining to failure to pay child support, evictions (except California). A creditor retains the right to petition the court to have the "stay" lifted, an action that is possible but not usually granted except when it pertains to secured property. Many of the debts owed that resulted in lawsuits, garnishment, etc. can be discharged in the bankruptcy. This however will NOT be true when new bankruptcy reform becomes law on Oct 17, 2005.


What is the thick white stuff in a girl's underwear?

It's discharge. When you ovulate it especially becomes thicker and more white.


If both the US president and the vice presi dent resign which official becomes president?

The Speaker of the House becomes president By: ~tnaproductions.synthasite.com~