Can you answer JC’s question about Bankruptcy?:

I have heard this is a good way to remove a BK. See below. Has anyone tried this?

Unlike other negative information which stays on your credit report for 7 years, bankruptcy can be reported for up to 10 years.

Bankruptcy courts keep cases active for a period of two years before placing them on microfiche.

If your Chapter 7 bankruptcy has aged at least 27 months since the date of discharge, your in a great position to make it disappear forever, simply file disputes with the credit bureaus indicating that your bankruptcy was a Chapter 13 and not a Chapter 7.

You need not provide any documentation to support your dispute, the burden of proof is on the government.

Bankruptcy courts do not respond to requests for verification on cases which has been archived to microfiche, as a result the credit bureaus are required to remove the bankruptcy from your credit report.

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Can you answer sixfiguredesi’s question about Bankruptcy?:

I may have to file Ch7/13 and my loan application has an overstatement of assets. There was no fraud intended. However, there is no date on the application. Can it be thrown out in bankruptcy court?

Bankruptcy Tips

Can you answer ssss’s question about Bankruptcy?:

MY assets are

a home with a fair market value $100,000
Cash savings $5,000

my liabilities:

bank loan secured by my home $150,000
an unsecured bank personal line of $50,000
federal tax $5,000
loan owed to my mother 10,000
visa 5,000 (charges were made in the past 60 days)
2 months alimony owed to my husband 2,000
2 months child support owed to my husband 2,000

Information On Filing Bankruptcy

Can you answer L W oceanblu’s question about Bankruptcy?:

Husband and i had to claim personal bankruptcy after opening 3 dry cleaners. I am now opening up my own practice in a the energy psychology field. It has been my passion for 15 years to help people. I just know I will make it, it is my passion. I need start up costs. I have no overhead, no employees to pay. I learned a tremendous amount from last business what to do and not to do. Need someone to lend to me as soon as possible with a bankruptcy. Before that last 20 years our credit was perfect. No late payments. If you could help email me at oceanblu519@yahoo.com

Credit Card Debt Settlement

Can you answer Chgo1978’s question about Bankruptcy?:

I currently operate a business under an LLC. We are closing the business and would like to file bankruptcy under the LLC. I loaned the business thousdans of dollars from my own personal credit cards… Can this debt be included in the LLC bankruptcy? Or would I have to file personally as well?

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