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If you file a chapter 7 bankruptcy will it affect your ability to rent an a apartment or own a home and will it affect your fiance?
Your debt is completely your own, and will not affect your fiance's credit rating. It would play a part in purchasing a house in your name only. As far as renting, landlords will usually consider you a "good risk". After BK discharge the person is for the most part (or should be) debt free.
What else can I help you with?
How long does a chapter 7 bankruptcy stay on your credit record in Louisiana?
In Louisiana, a Chapter 7 bankruptcy stays on your credit report for 10 years from the date of filing. This can affect your credit score and ability to secure new credit during that time. However, after the 10-year period, the bankruptcy will be removed from your credit report, allowing you to rebuild your credit history.
If you are about to get married and you are filing Chapter 7 bankruptcy will this bankruptcy affect your spouse in any way after the marriage?
It will only affect the non-filing spouse if the couple apply for some type of joint credit, such as a home mortgage. It will not affect the new spouse's credit report/score.
Will a cosigner's credit be affected if they cosign for someone who has a bad credit score because of a Chapter 7 bankruptcy?
The cosigner's credit will only be affected if the person that they cosign for defaults on the loan. The bankruptcy will not affect the cosigners credit.
How does surrendering your house in chapter 7 affect your credit report?
If you are surrendering your house anyways, it is usually better for your credit score if you do it through bankruptcy. If your house is foreclosed on before you file bankruptcy, then your credit score is hit by both the foreclosure and the bankruptcy. If you let your house go back through bankruptcy, instead, then your credit score is only hit by a bankruptcy.
Does bankruptcy affect eic eligibility?
no
Does a chapter 7 bankruptcy affect your credit the same as a chapter 13?
Yes.
How does chapter 11 bankruptcy affect you?
Chapter 11 bankruptcy allows you to reorganize your debt so that you may pay it off. But it is not for everyone. You should contact a lawyer to see if you could even qualify for Chapter 11 bankruptcy.
If you file for chapter 7 bankruptcy and have no assets will it still affect you later?
Yes, a Chapter 7 bankruptcy is a Chapter 7 bankruptcy. The exact details are irrelevant, it will remain on your credit report and prevent you from refiling for the same length of time either way.
How would bankruptcy affect a license to sell insurance?
Bankruptcy would not affect your license to sell insurance in any way. It does not affect your ability to continue to make money.
Will filing bankruptcy affect your car insurance?
I have file for Chapter 7 twice and it has had no effect on my car insurance.
Can my spouses' chapter 7 bankruptcy affect my inheritance?
No, unless you both filed a joint BK petition.
Will a bankruptcy affect getting your insurance license?
In the State of Georgia, it probably doesn't. However, it does affect the ability to get insurance contracts and advances.
Can you rent an apartment after you buy a car Because they pull your credit when you buy a car will that affect the ability to be qualified to rent an apartment?
Should be no problem as long as they believe you can afford to pay for the apartment.
If you are about to get married and you are filing Chapter 7 bankruptcy will this bankruptcy affect your spouse in any way after the marriage?
It will only affect the non-filing spouse if the couple apply for some type of joint credit, such as a home mortgage. It will not affect the new spouse's credit report/score.
If you file a chapter 7 bankruptcy will that negatively affect you?
Absolutely. Tremendously. A huge amount. For a long time. at least 10 years.
During a chapter 13 bankruptcy can creditors charge unpaid late charges?
Maybe. A chapter 13 is a repayment plan and in some instances will not affect the terms of the lender and borrower contract.
How long do you have to wait to file another chapter 7 if you filed one before the new bankruptcy laws took affect?
8 years from the date of discharge of the previous chapter 7.
