Bankruptcy
Bankruptcy is a legal declaration of the
inability to repay debts. Bankruptcy should be viewed
as a last resort. It will have a severe impact on
a credit rating and will remain on a credit report
for ten years. Furthermore, bankruptcy is not a
solution in all cases. Federal student loans, Federal
tax debt and child support are all exempt from bankruptcy
protection. Bankruptcy agreements vary but there
are two types of agreements that most people choose:
Chapter 7 and Chapter 13.
Please fill out the Christian debt information request form on the right to request more information about our Christian debt programs. |
|
|
