Author Archives: Noah Bader
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When you file for bankruptcy, it is reflected on your credit reports almost immediately because the credit bureaus are regularly monitoring the bankruptcy court filings. The credit bureau then shows the bankruptcy, under the public records section of your report, for 7-10 years from the filing date depending on the chapter filed. While the bankruptcy… Read More »
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Once a Chapter 7 bankruptcy is filed, all collection efforts and activities must stop because of the bankruptcy’s automatic stay. But, it’s important to know that the Chapter 7 automatic stay does not extend to your cosigners. Therefore, your creditors are free to pursue them in an effort to collect the debt. Fortunately, if you… Read More »
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If you’re married and thinking about filing for bankruptcy, you need to consider whether you and your spouse should file separately or together as a couple. You need to assess your financial situation and then weigh the benefits and disadvantages of filing a joint bankruptcy petition. There is no legal requirement to file jointly simply… Read More »