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10 Common Questions About Bankruptcy

Debt Free Colorado

Do Bankruptcies Come in Different Types? There are officially six separate categories of bankruptcy , each designated after a specific section of federal bankruptcy law. However, Chapter 7 and Chapter 13 bankruptcy are the two types of bankruptcy that are most frequently filed.

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Debtor Education Course After Filing for Bankruptcy

Sawin & Shea

They cover topics like creating a budget, using credit wisely, and avoiding financial pitfalls down the road. In short, they prepare you for the challenges that come with rebuilding your finances after bankruptcy. Each type of bankruptcy is named after the chapter of the code that describes it.)

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Need Debt Relief? Here Are Your Options

Debt Guru

This type of bankruptcy will stay on your credit report for ten years. Chapter 13 bankruptcy is different because, with it, you go in front of a judge and ask for your payments to be restructured in a way that makes sense for your current budget and debt load. Debt Settlement. Debt Management.