In Chapter 7 bankruptcy, you would achieve the end ultimately faster, and basically be able to restart your financial life sooner. It is the most common form of bankruptcy and debts would be discharged months after filing the bankruptcy.
A lawyer is actually one of the best resources for information about bankruptcy. There are even bankruptcy lawyers who specialize in Chapter 7 and Chapter 13 bankruptcy law.
Yes you can protect it under chapter 7 bankruptcy
what are the chapter 7 limits for bankruptcy?
The amount of time a bankruptcy stays on your credit report after discharge differs between Chapter 7 and Chapter 13 Bankruptcy. With Chapter 7 bankruptcy, the Chapter 7 stays on your credit report for 10 years. Chapter 13 bankruptcy, after discharge, it shows for 7 years on your credit report.
The bankruptcy petitioner can file another chapter 7 8 years after the date of filing of a previous chapter 7.
First consult a lawyer for which bankruptcy chapter you qualify for and let him/her assist you with the bankruptcy procedures as bankruptcy procedures are not the same in every case. Chapter 7 and Chapter 13 bankruptcies are the most common. For more information, visit these websites: http://howtodeclarebankruptcy.net/ and filepersonalbankruptcy.org/how-to-declare-bankruptcy/.
The web site provided by the US government is the best site to read chapter 7 bankruptcy information. This site tells you what the law is, which is the bottom line, and is an excellent place to start.
No, valid negative information must remain on a credit report for the required amount of time. In the case of a chapter 7 bankruptcy it is 10 years from the date of discharge.
You can file bankruptcy again 7 years after the last time you filed.
After Chapter 7 bankruptcy has been Discharge can buy a home
In a Chapter 7 bankruptcy, a person filing for relief is called a
You do not have to be unemployed to file bankruptcy.