Archive for month: January, 2025

Part thirteen Cons:

• It will take to five years to complete the procedure. A bankruptcy proceeding bankruptcy takes 4-six months.
• Case of bankruptcy often damage the borrowing from the bank, and you can Chapter 13 stays on your own credit file getting eight ages. It does slightly faster damage than a part eight judgment, hence stays having a decade.
• Your bucks would-be fastened inside the bills or financial obligation payments for the next 3-five years and find it very difficult (even in the event perhaps not impossible) to track down borrowing.
• Declaring having Section thirteen makes it harder to declare Chapter 7 later on. Read more