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Posted in: Bankruptcy
10 Reasons You May Be Denied a Chapter 7 Bankruptcy
Chapter 7 Bankruptcy comes with strict qualification requirements and a rigorous and detailed process to file. Here are 10 reasons why you could be denied.
Changes to the Bankruptcy Laws Under the CARES Act
The US Bankruptcy code was modified as part of the passage of the CARES Act, providing enhanced benefits to those who file bankruptcy prior to March 27, 2021.
Debt Settlement vs. Bankruptcy – How Debt Settlement Helps You Recover Your Credit Score Sooner
Debt Settlement allows consumers to restore their credit much sooner as compared to those choosing bankruptcy because bankruptcy stays on your credit report for up to 10 years.
What is a Chapter 13 Bankruptcy and How It Works
Chapter 13 Bankruptcy requires the repayment of some of your debt to your creditors and remains on your credit report for 7 years.
What is a Chapter 7 Bankruptcy?
Chapter 7 Bankruptcy, also called a liquidation bankruptcy, discharges most non-exempt debts, but requires you to complete court approved financial education courses.