Bankruptcy filing will stay on your credit score for years, which can hinder your ability to obtain a credit card, loan, or mortgage in the future. For this reason, we always recommend consulting an experienced attorney before choosing to file for bankruptcy. The type of bankruptcy you choose ...
If you’ve decided to file for bankruptcy, your first step should be to consult an attorney. While it is possible to file without one, a qualified attorney is often important because bankruptcy has long-term financial and legal consequences. Your attorney can advise you on which type of bankr...
No matter how bankruptcy affects your credit, you can rebuild your credit with consistent action and some helpful insights fromChase Credit Journey®. If you choose not to file for bankruptcy, you can work on positive actions to improve your credit with the help of Chase Credit Journey®tool...
You do not need an attorney to file for bankruptcy, but hiring one can make it easier to navigate the process and is highly recommended if you are unfamiliar with bankruptcy law and procedures. Attorney fees vary depending on the case’s complexity but can range from $1,000 to $6,000 ...
The effect a bankruptcy filing will have on your business depends, in part, on the chapter of bankruptcy your company files. Because the federal bankruptcy code designates certain chapters of bankruptcy for certain types of businesses, the effect a bankr
can't be discharged in bankruptcy, but that's a myth. While very difficult to do, it is possible, and you might consider this route if you have exhausted all other options and meet the criteria for discharge. Here's what to know if you are wondering how to file bankruptcy on student ...
You or your attorney must file your bankruptcy paperwork, ensuring all details about your assets, income, and debts are accurate and complete. This information allows the court to evaluate your bankruptcy eligibility and decide on your case. ...
Bankruptcy is another route where unsecured debt can sometimes be discharged. If youfile for Chapter 7 bankruptcyand qualify, some unsecured debts may be wiped out. However, this has long-term consequences, including a significant hit to your credit score and potential difficulty obtaining loans ...
Chapter 7 bankruptcy can erase your overwhelming debt, such as from credit cards. Here's what you need to know about Chapter 7 bankruptcy and how to file.
This is a good option when you’re behind on payments, and it’s clear that there is no way you’ll be able to catch up and repay the past due balance and continue making payments. Should I file for small business bankruptcy? Filing for bankruptcy should be your last resort, as this...