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The two most common types are Chapter7 and Chapter 13 bankruptcy. Chapter7Bankruptcy The liquidation process is managed by a trustee who sells non-exempt assets to pay creditors. A key benefit of Chapter7bankruptcy is the quick discharge of debts.
In this blog, we’ll discuss how Chapter 13 usually affects credit scores, and we’ll give you actionable tips to begin rebuilding your credit. If you have additional questions regarding Chapter 13 or Chapter7bankruptcy, contact the attorneys at Sawin & Shea, LLC.
Quick Summary: Chapter7 and Chapter 13 are the two main bankruptcychapters that can discharge credit card debt. Sometimes, credit card debt can not be discharged due to various factors, including how recently the charges are made. Credit Builder Loans Need a jumpstart on your credit history?
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