Chapter 7

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What is Chapter 7 bankruptcy? How long does it stays on credit report?

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Anonymous (not verified)
2-09-2011

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Chapter 7 is a type of bankruptcy filing which will help you in getting a discharge from your debts. In this type of bankruptcy filing, you will have to list all your assets and debts. Apart from the exempted property, the trustee may sell off your assets in order to pay off your debts. This type of bankruptcy filing will stay in your credit report for 10 years. To know all about Chapter 7 bankruptcy filing, check out the given page: http://www.mortgagefit.com/bankruptcy/chapter7.html .

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Niicss | Asked on 2011-09-02

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