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If you have any questions and are considering if a Chapter7 or Chapter13bankruptcy is the right choice for you, our team at Sawin & Shea can help. We have years of experience handling bankruptcy cases and are dedicated to helping our clients achieve the best possible outcome.
Credit Scores: What Happens When You File for Bankruptcy? When you file for Chapter7bankruptcy, you will list all of your debts, non-exempt assets can then be liquidated to pay back your creditors. Most Chapter7 cases are what is called a “no-asset” case and the debtors keep everything they have.
The amount of time a bankruptcy stays on your credit report is determined by the type of bankruptcy you filed for. A Chapter7bankruptcy will be removed from your credit report automatically in 10 years because, in this case, none of the debt is repaid. How does bankruptcy affect my credit score?
How to Get a VA Loan After Bankruptcy or Foreclosure You can still qualify for a VA loan even after filing for bankruptcy or foreclosure, though you may be subject to a waiting period before you’re eligible. Here’s an overview of how to get a loan after foreclosure or bankruptcy.
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