by Clint Morgan | Jun 3, 2015 | Bankruptcy Law
How does filing bankruptcy affect credit scores? A Chapter 7 bankruptcy generally remains on the debtor’s credit for ten years and bureaus may stop reporting a Chapter 13 after seven years. While this sounds pretty bad, usually by the time a person gets to the point...
by Clint Morgan | May 27, 2015 | Bankruptcy Law
A Chapter 13 bankruptcy allows individual consumers with regular income to retain their property and pay back debts over a period of time, usually three to five years. Under this chapter, the debtor and his attorney examine the debtor’s income, necessary expenses, and...
by Clint Morgan | May 20, 2015 | Bankruptcy Law
A Chapter 7 bankruptcy, often referred to as “liquidation,” is a relatively fast proceeding: debtors can usually file and obtain their discharge within several months. A trustee, appointed by the U.S. Trustee’s Office to represent the bankruptcy estate on behalf of...
