In 2020 almost 20,000 people filed personal bankruptcy in the Chicagoland area. Economists expects more and more people will need bankruptcy relief. There are 2 bankruptcy chapters for individuals: 1) reorganizing debts under Chapter 13, or 2) a full discharge of debts under Chapter 7. We’ll cover the differences soon. There’s also Chapter 11: mainly […]
What to Expect After Bankruptcy Read Post »
Bankruptcy Credit Score VideoMillions of Americans have benefited from the United States Bankruptcy laws. Chapter 7 discharges crushing debts. Chapter 13 reorganizes debts. It allows you to keep needed assets. For instance, your car and/or your home. Either of these Chapters gives you a financial “FRESH START.” What happens after Bankruptcy? People need credit. People must rebuild their credit
Get a 720 Credit Score After Bankruptcy Read Post »
Bankruptcy Credit Score VideoHere is a typical problem many good folks have. John Q (or it could be Mary Doe) has a lot of credit card debt: $20,000, $30,00, $40,000, or some other amount. John also has medical debt. John can’t keep up with payments. After doing the best he can, he is broke. He doesn’t have any
Credit Score After Chapter 7 Read Post »
Bankruptcy Chapter 7 Credit Score Video