You are able to go into bankruptcy at any age, but if you plan to do so in your 20s, it can be more difficult than if you’re older. Why? You can only start to get credit once you turn 18, so going into bankruptcy that young may be a red flag to the court that you...
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Month: July 2021
Is a Chapter 13 bankruptcy better for your credit score?
Are you looking into bankruptcy? If you’re having trouble paying your bills and covering the debts you owe, then one option may be to go through bankruptcy to eliminate unsecured debts or to get them onto a reasonable payment plan. With Chapter 7 bankruptcy, you’ll...
Who liquidates your assets in a Chapter 7 bankruptcy?
If you have significant personal property, you may still be able to qualify for Chapter 7 bankruptcy. Still, there are strict limitations on Chapter 7 to protect lenders and creditors from abuses by those with significant assets. To receive a discharge of your...
