There is no limit on the number of bankruptcy cases that one may file. In fact, there is no limit in between time frames to file bankruptcy. Nevertheless, if sufficient time between filings does not take place, you may be not be eligible for “discharge.”
Is there credit after bankruptcy? Yes. You can and will be able to get credit after bankruptcy. Bankruptcy is thought to be an absolute barrier to future credit, but it’s not.
When you fall behind on your car payments, your car could be repossessed. Car repossession, whether involuntary or voluntary, results in a lower credit score. Find out more about steps you can take to avoid the damage to your credit and keep your car.
Many consumers go and speak with an attorney regarding the types of bankruptcies they can file. While there are many, usually consumer bankruptcies fall under Chapter 7 or 13. Each type of bankruptcy is used for a specific type of problem. We look at the most popular ones, and how they differ from one another.
When filing for bankruptcy many people are nervous and unsure of what to do. It is critical to the bankruptcy process to avoid mistakes and proceed responsibly.
The financial issues surrounding the severity of needing to file for bankruptcy are extremely anxiety provoking and stressful for all parties involved.