bankruptcy will also appear on your credit report for between seven and ten years. This can make it challenging to get a new home or auto loan. Moreover, not all forms of property are exempt under Chapter 7. You may lose business assets that are seized to repay debts. The form of ...
In a Chapter 13 bankruptcy, you work with a judge to set up a 3- to 5-year repayment plan, and if you successfully make all your payments, your debts will be discharged. A Chapter 7 bankruptcy, known as a straight bankruptcy, requires that you sell all assets except exempt ones, ...
Your odds of getting a traditional mortgage improve typically three to four years after a bankruptcy, but you should still be prepared to encounter higher interest rates or make a larger down payment.FHA and VA mortgage loansare typically available two years after a Chapter 7 discharge, or one ...
in my practice, I meet with clients that are deeply in debt. The legal issue is how do I get the client through Chapter 7 or Chapter 13 bankruptcy. But oftentimes I am working with the client to overcome their fears, embarrassment, feelings of failure and anger. ...
Jenny Craig, one of the most well-known weight loss chains in America, has experienced a significant setback after filing for Chapter 7 bankruptcy in May of 2023. This is a big development for the firm because it signals that it will no longer engage in its normal operations and will inste...
It is a situation that should never have happened, and we will be working together to ensure that there are steps taken to make sure that this does not happen again," Governor Healey said on Monday after Steward declared Chapter 11 bankruptcy. More from CBS News Fixing MBTA and housing ...
It is a situation that should never have happened, and we will be working together to ensure that there are steps taken to make sure that this does not happen again," Governor Healey said on Monday after Steward declared Chapter 11 bankruptcy. More from CBS News Gov. Healey defends ...
In January, the NRAfiled for Chapter 11 bankruptcy protectionfrom its debts, declaring its intent to reorganize and relocate to Texas. The NRA is based in Virginia but has long been chartered as a nonprofit organization in New York state. ...