When you file bankruptcy do you have to go to court?
You can file for bankruptcy without going to a bankruptcy court. The Bankruptcy Abuse Prevention Act has established a procedure for individuals to file for bankruptcy without going to the bankruptcy court. They have created a procedure called “Chapter 7 bankruptcy”.
Does filing bankruptcy ruin your life?
A lot of people think that filing for bankruptcy is the end of the world. They think that they are ruined. Their marriages are ruined. All that they have worked for is lost.
Do you get out of all debts if you declare bankruptcy?
If you and your spouse have been living apart from the marriage and debts from before the marriage are still outstanding or large, you may need to file for bankruptcy. You may have debts that would be discharged in bankruptcy such as your home mortgage, medical bills, credit card debt, taxes owed, and/or your promissory note from your wedding or civil union. When you file bankruptcy, you must file Form 4797.
How long does it take to get a 700 credit score after bankruptcy?
The 700 credit score is the number of factors that must be in balance to get a 700 score. If the factors are all in balance you will get a 675 credit score. So the process of getting a credit score will take 6 months. So one-time bankruptcy will take one year to get a 700 credit score. There is no reason why you cannot get a credit score before you file for bankruptcy. Bankruptcy is a separation of debt that happens to save your home. So you will get the credit score within two days. But one must be very careful that you are sure you are not in the process of filing bankruptcy. When you have a lawyer review your finances you will get a credit score.
How long does bankruptcy stay on public record?
Unless you file an ex parte application the Bankruptcy Law is a public record. The date of the order will be noted on the transcript and posted on the Internet. Contact your Affordable Bankruptcy Attorney Gloucester for a free consultation. Please call us at 856-553-0235