article thumbnail

What Is a Reaffirmation Agreement in Bankruptcy?

Sawin & Shea

If you have any questions and are considering if a Chapter 7 or Chapter 13 bankruptcy is the right choice for you, our team at Sawin & Shea can help. We have years of experience handling bankruptcy cases and are dedicated to helping our clients achieve the best possible outcome. Some criteria must be met.

article thumbnail

How To Remove A Bankruptcy From Your Credit Report

Better Credit Blog

A Chapter 7 bankruptcy will be removed from your credit report automatically in 10 years because, in this case, none of the debt is repaid. A Chapter 13 bankruptcy is cleared in 7 years since the debt is partially repaid. How does bankruptcy affect my credit score?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Remove Bankruptcy from a Credit Report

Sawin & Shea

When you file for Chapter 7 bankruptcy, you will list all of your debts, non-exempt assets can then be liquidated to pay back your creditors. Most Chapter 7 cases are what is called a “no-asset” case and the debtors keep everything they have. If your bankruptcy is legitimate, you will not be able to legitimately dispute it.

article thumbnail

Can You Get a VA Loan With Bad Credit?

Credit Corp

In addition to satisfying the waiting period, you can’t have had any late payments or new accounts since filing bankruptcy. Chapter 13 bankruptcy: Known as a “reorganization bankruptcy,” a Chapter 13 bankruptcy involves creating a plan to repay the debt.