What Are The Long Term Effects of Chapter 7 or Chapter 13 Bankruptcy?

I get this questions a lot so here are the answers…   Stays On Credit for Ten Years A Chapter 7 Bankruptcy or Chapter 13 Bankruptcy will stay on your credit for ten years.  This means that anytime someone access your credit report, they can see what Chapter you filed.  After ten years, it will no longer be seen. A Chapter …

Transparency in Credit

I often get asked the question, “What do I need to do to fix my credit score after a bankruptcy?” Unfortunately the answer to that is to get another credit card. Most of my clients are reluctant since over use of credit card was what caused them to need bankruptcy relief. However, having a credit, using it and paying it …

If I am married, but I am the only one with credit card debt and my spouse has perfect credit, do we both have to file?

I get this question a lot.  Especially at the point at which a couple decides that it is time to purchase a home, but one spouse has perfect credit while the other has far from perfect credit.  When purchasing a home, it’s more beneficial that both spouses have good credit so that you can obtain the best rates possible. So …