Understanding the long-term consequences, the different types of bankruptcy and the debts that can or cannot be discharged is essential. Before filing, you may also want to explore your other debt ...

Consider filing if: However, bankruptcy has serious downsides. A Chapter 7 bankruptcy remains on your credit report for 10 years, while Chapter 13 stays for seven years. This can make it harder to ...

Several negative outcomes associated with filing for bankruptcy can create financial difficulties for years. Among the most significant consequences is the impact on your credit profile.