“The bankruptcy court designates a trustee who is responsible for liquidating the assets so that the debtor obtains a debt discharge,” the firm said, adding that it reports percentage data comparing the total bankruptcies filed against Chapters 7 filings in response to concerns from its own clien...
Burry declined to comment for our story, but bankruptcy filings show that he, too, has a lot to lose. In addition to his investment in the company, he was a user of the site with over $600,000 in investments and about $9,000 in cash in his PeerStreet account. The article also spec...
Bankruptcy Adverse information generally remains on individual consumer credit reports for seven to 10 years. When you file for bankruptcy, you clear your debts to start fresh. For lenders, this is a serious indicator that you are a borrower with a history of not repaying what you owe. Your ...