Chapter 7 bankruptcy, also known as straight bankruptcy is the liquidation of all debt. In Chapter 7, all of the debtor’s nonexempt assets that have significant value are distributed to creditors to pay off debts. Once debts are paid off the debtor receives a discharge. A typical Chapter 7 bankruptcy lasts from 3-6 months. Here Full Article +
Deciding whether or not to declare bankruptcy is never an easy decision to make. Bankruptcy has a lot of negative associations; however, filing for bankruptcy is not as taboo as it once was. Yes, it will affect your credit score and your reputation with lenders but, it also provides considerable relief for those who are Full Article +
Several individuals believe bringing their credit score back from the dead after filing for bankruptcy will be near to impossible. Contrary to popular belief, rebuilding your credit score after bankruptcy is not impossible. In reality, it is easier to rebuild your credit score if and when you declare bankruptcy. And Full Article +
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