answersLogoWhite

0

It will only become an issue if you apply for joint credit such as a mortgage, vehicle financing, and so forth.

User Avatar

Wiki User

19y ago

What else can I help you with?

Related Questions

Does a chapter 7 bankruptcy affect your credit the same as a chapter 13?

Yes.


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.


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.


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.


If you filed for bankruptcy four years ago while previously married and you remarry how will it affect your new spouse's credit?

It will have no affect on her credit. Only the person(s) who are a party to a bankruptcy have it noted on any crediting reportage.


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.


Can you file a chapter 13 if i am in contract to sell my house?

Yes, you can file for Chapter 13 bankruptcy while under contract to sell your house. However, the sale may need to be disclosed in your bankruptcy filing, and the bankruptcy court will need to approve the transaction. It's important to consult with a bankruptcy attorney to navigate the process and understand how it may affect your sale and overall financial situation.


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.


If a person has filed chapter 13 bankruptcy and their financial circumstances change what can they do?

It is very important that the BK participants contact the bankruptcy trustee as soon as possible when they experience changes that directly affect the filing status.