Remove Chapter 13 bankruptcy Remove Debt settlement Remove Secured debt
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Should You File for Bankruptcy if a Strong Economy is Just Around the Corner

Titan Consulting

If you do not qualify for a Chapter 7 bankruptcy to liquidate your debts, you may be required to pay back a significant portion of your debts under a Chapter 13 Bankruptcy, and still suffer the negative impact to your credit score. How long does a Bankruptcy stay on your credit report?

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How Much Debt Is Needed to File for Bankruptcy?

Sawin & Shea

Whether you’re facing foreclosure , repossession, wage garnishments, or relentless creditor harassment, our expertise in bankruptcy law can offer the protection and relief you’ve been seeking. One of our firm’s key strengths lies in our comprehensive understanding of both Chapter 7 and Chapter 13 bankruptcy options.

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What Debts Can Bankruptcy Eliminate: Examples of Unsecured Debt

Debt Free Colorado

Chapter 7 bankruptcy remains on credit reports for 10 years. Unsecured Debts in Chapter 13 Bankruptcy Chapter 13 bankruptcy works differently. You pay back some of your debts over three to five years. After completing the plan, any remaining unsecured debts may be discharged.

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What is the Bankruptcy Means Test?

Sawin & Shea

However, if your monthly disposable income exceeds the maximum allowable, you will fail the test and be prohibited from filing for Chapter 7 bankruptcy. Be aware, if you fail the Chapter 7 means test, you still have other options, including Chapter 13 bankruptcy and debt settlement plans.