Bankruptcy

For many people in financial trouble, bankruptcy is a last resort. To determine whether filing bankruptcy is the right move, it’s important to understand just what bankruptcy is, what accounts will remain visible after filing, and how filing for bankruptcy may affect future credit pursuits.

Latest Articles

Chapter 7 vs. Chapter 13 Bankruptcy

What is the difference between chapter 7 and chapter 13 bankruptcies? - RYN

Should I File for Bankruptcy?

I have multiple charged off accounts and want to know if I...

Can I Apply for Credit Cards After Declaring Bankruptcy?

Can I apply for credit cards after declaring bankruptcy? What kind of...

What’s the Difference Between Chapter 7 and Chapter 13 Bankruptcy?

From a credit reporting perspective there is one fundamental difference in the two bankruptcy...

Can you explain bankruptcy?

There are two types of bankruptcy that typically appear on a credit report –...

Does it take a long time to build credit back after bankruptcy?

Bankruptcy is the most negative thing you can do in terms of credit reporting...

Bankruptcy May Prevent Qualifying for a Credit Card

How can I get a credit card after a bankruptcy so I can...

You Might Owe on Your Mortgage after Bankruptcy

I want to know if I still owe my mortgage company after filing...

Chapter 13 Bankruptcy Accounts and Your Credit Report

How long do accounts included in chapter 13 bankruptcy remain on your report? -...

Mortgage Loan Not Reported after Declaring Bankruptcy

We filed bankruptcy two years ago and want to either refinance our home...

The Difference Between Default and Bankruptcy

Which is the lesser of two evils, bankruptcy or default? - DBU

Accounts Not Removed Immediately After Bankruptcy

I have completed my chapter 13 bankruptcy plan. How do I have the...

What is Bankruptcy?

There are two main forms of bankruptcy:

  • Chapter 7 Bankruptcy: The person filing the bankruptcy does not repay any debts included in the filing. A Chapter 7 bankruptcy remains on your credit report for 10 years after the date filed.
  • Chapter 13 Bankruptcy: The person filing repays a portion of his or her debts through a debt repayment program. A Chapter 13 bankruptcy remains on your credit report for seven years after the date filed.
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