Your Credit Score After Bankruptcy

Your Credit Score After Bankruptcy

If your credit score has dropped below 7:20, then you need to learn the seven steps to a 7:20 credit score as it could be a sign of financial distress. What Happens When Your Score Goes Below 720? When your credit score goes below 720 you start paying higher interest...
What is the Automatic Stay?

What is the Automatic Stay?

This article is about the automatic stay in bankruptcy. This is one of the things that an individual or a company filing bankruptcy really wants, and this is the part of the law that says that on the filing of a bankruptcy petition, all collection activity has to...
Who can file a chapter 13 bankruptcy?

Who can file a chapter 13 bankruptcy?

Chapter 13 provides debt relief to individuals. The debtor must have a regular source of income and his or her debt must be within limits set by law. The individual is eligible for Chapter 13 bankruptcy relief as long as the individual’s unsecured debts are less...
How are tax liens treated in bankruptcy

How are tax liens treated in bankruptcy

There are two types of tax liens:  property tax lien and income tax lien.  Both liens have an impact on your bankruptcy, but the treatment may be different.  The treatment will also depend upon whether you filed a Chapter 7 Bankruptcy or a Chapter 13 Bankruptcy....