It’s important to clear this up because bankruptcy certainly does not ruin your credit forever and you can absolutely get loans and lines of credit in the future.
Bankruptcy Law
What happens if you miss a Chapter 13 bankruptcy payment?
if you have a legitimate financial emergency that prevented you from paying, the court typically will allow you time to catch up or restructure your payments
How often can you file for bankruptcy?
If you have a bankruptcy in your background but are in financial trouble again, you may be wondering if you can pursue a bankruptcy now. Depending on the circumstances, it may be possible to go into bankruptcy again if enough time has passed. There is technically no...
How do you decide if Chapter 7 or Chapter 13 bankruptcy is best?
Chapter 13 Bankruptcy can be used to pay missed mortgage or car payments over time
When can you file for bankruptcy after a previous discharge?
Federal laws do limit what kind of bankruptcy you can file based on your economic circumstances and also how frequently you can file.
When will your bankruptcy come off of your credit report?
The misinformation people share about bankruptcy might prevent someone coping with unsustainable levels of debt from filing. Common myths about bankruptcy include the idea that you lose all of your property and that you will never be eligible for credit again. Some...
What is an automatic stay, and how can it help you?
If you are in debt, one of the things that you may want to do is to go into bankruptcy. Bankruptcy can be helpful since it gives you time to get your finances back in order and allows you to use legal protections to pay off and discharge certain debts. When you are...
How long does it take to rebuild your credit after a bankruptcy?
Filing for bankruptcy is an aggressive debt solution ideal for those dealing with aggressive creditors. If a company wants to repossess your vehicle, foreclose on your house or take you to court over an unpaid debt, then filing for personal bankruptcy might be the...
What are Pennsylvania-specific bankruptcy exemption laws?
Many individuals encumbered with debt without any prospect of rising out of it pursue bankruptcy. There are pros and cons for filing Chapter 7 versus 13 bankruptcy. Chapter 7 bankruptcy allows you to eliminate most if not all of your unsecured debts if you can prove...
Some Private Student Loans may be Discharged in Bankruptcy
Some Private Student Loans may be Discharged in Bankruptcy.