Bankruptcy may seem like an end-all answer to your financial problems, but it is not all what it is chalked up to be. Filing for chapter 7 bankruptcy can leave your credit in pretty bad shape. In fact, depending on the severity of your claims, your credit could drop 200-250 points and take years to [...]
Posted on January 11, 2010, 2:03 pm, by zackawii, under
Bankruptcy.
1. Eliminate the Obligation to Pay Many of Your Debts- Whether it is through traditional bankruptcy (Chapter 7 Bankruptcy) or through reorganization (Chapter 13 Bankruptcy), most or all of your debts can be cleared pretty easily. 2. End Foreclosure on Your Home So You Can Catch Up and Make Mortgage Payments- Filing for Chapter 13 [...]
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bills,
chapter 13,
chapter 7,
creditors,
debt,
garnished,
job,
loan,
medical,
reduce,
repossesed,
utilities,
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