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How is your credit affected by a chapter 13 bankruptcy verses a chapter 7 bankruptcy?

Both have the same negative impact on your credit.


Which bankruptcy chapter was most affected by the change in bankruptcy laws in 2005?

The most significant change to the 1978 statute concerns consumer bankruptcy under the Chapter 7 liquidation provisions.


What can be done to attain employment at 60years old after filing chapter 7 bankruptcy What if there is reasonable reason for filing chapter 7 Could the reason for bankruptcy be told to the employer?

How to get after job filing chapter 7 bankruptcy once it appears on the credit report


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.


Can a state garnish wages on child support arrears if they are included in chapter 13?

Yes; child support is not affected by or discharged in bankruptcy.


Is there a period of time after filing for bankruptcy you should wait for income that isn't affected?

In a chapter 7, no post petition income constitutes property of the bankruptcy estate. So to answer, no. In a chapter 13 or 11, all post petition income constitutes property of the estate.


If you filed chapter 13 bankruptcy and it was discharged can you file chapter 7 bankruptcy now?

Yes.


What happens if you have a workmens comp claim and the company files Chapter 7 bankruptcy?

Your claim is most likely covered by a WC insurance, either a prvate policy the employer had or one with the State. As such, your claim should be unaffected by the Bankruptcy.


If I have have won a money settlement can a 20 year old chapter 7 bankruptcy make a claim against the funds?

No


How long does it take after a bankruptcy is discharged to show on your credit report?

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.


Can you protect a structured settlement in a chapter 7 bankruptcy?

Yes you can protect it under chapter 7 bankruptcy


What information can you provide about Chapter 8 bankruptcy in terms of eligibility, process, and potential outcomes?

Chapter 8 bankruptcy does not exist in the United States bankruptcy code. It seems there may have been a misunderstanding or confusion with the chapter numbers. The most common types of bankruptcy in the U.S. are Chapter 7, Chapter 11, and Chapter 13. Each chapter has specific eligibility requirements, processes, and potential outcomes. It is recommended to consult with a bankruptcy attorney for accurate information on the different types of bankruptcy available.