Let’s have a look into both these options. As per this type of personal bankruptcy, the court will also suggest you a repayment plan, which is mandatory for you to follow. As per the chapter 7 bankruptcy, the court appoints a trustee, who further liquidates all the assets and properties of the debtors

If you try to get 100% financing for a house 2 years after a personal bankruptcy, no bank in the country is going to want to write you that loan. Bottom line: the more time you have after your bankruptcy is discharged the more opportunities you’ll have to get credit. There are two primary forms of personal bankruptcy: Chapter 7 and Chapter 13. Your FICO credit scores

Bankruptcy remains on your credit report for years and can cause financial difficulties like increased interest rates, which make recovering from financial difficulties even harder. There are several provisions in effect prevent abuse of bankruptcy laws. The debtor can keep his or her properties. Certificates from government approved counselors are needed for filing personal bankruptcy suits

“Do This Simple 5-Min Trick Once Daily To… Raise Your Credit Score By 104 Points… In As Little As 90 Days!”  This Helps if You Have Good, Bad or No Credit. When you have access to this powerful system, you’ll have the ability to live a life most people could only dream of… No matter how bad your credit is today. This Smart Money Secret could be your first step towards a life of financial freedom…

my fico credit score