Bankruptcy and Your Credit Score: Part Two

Note: This is part two of Bankruptcy and Your Credit Score: What You Need to Know How can I rebuild my credit after bankruptcy? Okay, so you have filed your bankruptcy, followed the court process and received your discharge. But, now what do you do? The purpose of filing bankruptcy, which is even described in …

Bankruptcy and Your Credit Score: What You Need to Know

If you are considering bankruptcy, you may be wondering what effect a bankruptcy filing will have on your credit score. Will a bankruptcy filing ruin your credit forever? Is it possible to recover? How long will it take to rebuild my credit after bankruptcy? What is credit anyway? To understand how a bankruptcy will affect …

What is the difference between Chapter 7 and Chapter 13 bankruptcy in common terms?

Why different chapters? The bankruptcy code contains various sections and provisions which delineate the different chapters of bankruptcy. “Chapter” merely refers to the kind of bankruptcy and the specific rules that apply. Why are there different chapters? The simple answer is because there are many different circumstances of individuals who file for bankruptcy. Some debtors …