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

Can Accounts Included in Bankruptcy Be Deleted?

There is an account appearing on my credit report that was included...

How Long Does a Bankruptcy Stay on Your Credit Report?

When consumers have more debt than savings and are faced with mounting bills and...

What Is Chapter 7 Bankruptcy?

If you are unable to keep up with your credit card and loan payments,...

What Is Chapter 13 Bankruptcy?

Chapter 13 bankruptcy helps people struggling with debt by putting them on a repayment...

Bankruptcy: Chapter 7 vs. Chapter 13

If you’re in serious debt and can’t keep up with repaying loans and credit...

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...

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.