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Who will know? Bankruptcy filings are public records. However, under normal circumstances, no one will know you went bankrupt. The Credit Bureaus will record your bankruptcy and it will remain on your credit report for 10 years. |
Which Type of Bankruptcy is Right for You?CHAPTER 7 BANKRUPTCY is sometimes referred to as "liquidation bankruptcy" or "full debt discharge" bankruptcy. After a successful Chapter 7 bankruptcy is completed, your slate of debts is wiped clean and you can begin afresh to rebuild credit and move forward financially. CHAPTER 13 BANKRUPTCY, on the other hand, is sometimes referred to as "debt reorganization" bankruptcy. It involves submission of a plan and repayment of debt over a 3 to 5 year period, generally at reduced (or eliminated) interest rates. Click Below To Choose:
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