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Tax Help : What Happens When You File Chapter 7 Bankruptcy?

Chapter 7 bankruptcy is the most communal form of bankruptcy that is filed for in the US, and its primary purpose is to give individual debtors a ...

How long after a discharged Chapter 7 bankruptcy can I refinance?

Jan 30, 2008 by prettycre8ive | Posted in Personal Finance

Hi,
The 2-year ARM on my place mortgage (two mortgages) expires August 2008 (home purchased August 2006). However, I filed a Chapter 7 bankruptcy in 2007 (discharged in July 2007). Will I be skilled to refinance this year? I've heard that Ch.

1 day if u have reestablished proof credit, and have the equity, figure you will be lucky to get 69% of the loan to value, and if you dont have reestablished gigantic credit in excess of 720 scores dont bother because it isnt going to happen for u

How long does a chapter 7 Bankruptcy stay in your credit report?

Aug 13, 2009 by ~ | Posted in Credit

If I enter Chapter 7 bankruptcy how long does it stay in your credit report, and what are other issues those this bring?

10-years from the appointment of discharge weather you reestablish good credit or not.

As far as repercussions you can expect to pay much higher interest rates and security rates for at least the next 2-years.

The most important

Do I have to claim a Chapter 7 bankruptcy as income on my tax return?

Jan 30, 2008 by Jmalewski | Posted in United States

I had to submit Chapter 7 in 2007. Most of the percentage of what I filed was penalties on credit cards, therefore what I actually owed, was significantly less than what I filed on. On my profits tax return this year, do I have to claim the chapter

I create I follow your reasoning here but NO, you dont have to claim it as income. You didnt actually receive any money as a upshot of your bankruptcy - you were just discharged from your debt you owed. However, you are required to report any refund you