A recent court order requires the three major credit-reporting bureaus — Experian Group Ltd, Equifax Inc. and TransUnion LLC — to clean up the credit files of millions of consumers who have filed for Chapter 7 bankruptcy. The problem: Old debts, which are typically forgiven by the courts in a bankruptcy filing, are still being […]

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Your mortgage remains in effect. Even if the lender goes out of business, someone else will take over the bankrupt company’s assets (the loan to you) and demand payments from you. If you don’t pay, they will take your house. You may even be sending your payments to a bank trustee (the entity […]

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We get this question all the time: “How soon after a bankruptcy can I apply for lines of credit?” Out of one debt hell into another? Maybe you should examine the reason why you’re filing bankruptcy? Ok, we’ll avoid the lecture and just answer the question.
Primarily, how long you need to […]

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