Bankruptcy - Free Credit Report - Credit Scores3 in 1 Credit Bureau Credit Reports - Credit Monitoring
Free Credit Report

Free Credit Report Home > Bankruptcy

Credit Report Information

free credit report online - credit report, credit check and credit scores


Personal bankruptcy generally is considered the debt management tool of last resort because the results are long-lasting and far-reaching.

A bankruptcy stays on your credit report for 10 years, making it difficult to acquire credit, buy a home, get life insurance, or sometimes get a job. However, it is a legal procedure that offers a fresh start for people who can't satisfy their debts. Individuals who follow the bankruptcy rules receive a discharge-a court order that says they do not have to repay certain debts.

Two types of Bankruptcy

There are two primary types of personal bankruptcy: Chapter 13 and Chapter 7. Each must be filed in federal bankruptcy court. The current fees for seeking bankruptcy relief are $160: a filing fee of $130 and an administrative fee of $30. Attorney fees are additional and can vary widely. The consequences of bankruptcy are significant and require careful consideration.

Chapter 13 bankruptcy allows you, if you have a regular income and limited debt, to keep property, such as a mortgaged house or car, that you otherwise might lose. In Chapter 13, the court approves a repayment plan that allows you to pay off a default during a period of three to five years, rather than surrender any property.

Chapter 7 bankruptcy, known as straight bankruptcy, involves liquidating all assets that are not exempt. Exempt property may include cars, work-related tools and basic household furnishings. Some property may be sold by a court-appointed official-a trustee-or turned over to creditors. You can receive a discharge of your debts under Chapter 7 only once every six years.

Both types of bankruptcy may get rid of unsecured debts and stop foreclosures, repossessions, garnishments, utility shut-offs, and debt collection activities. Both also provide exemptions that allow you to keep certain assets, although exemption amounts vary.

Personal bankruptcy usually does not erase child support, alimony, fines, taxes, and some student loan obligations. Also, unless you have an acceptable plan to catch up on your debt under Chapter 13, bankruptcy usually does not allow you to keep property when your creditor has an unpaid mortgage or lien on it.

Free Credit Report - View your free credit report online now

Order Free Credit Report | Order 3 Bureau Credit Report | Order Credit Score

Credit Report Tools

bankruptcy Free Credit Report

bankruptcy Credit Scores

bankruptcy Credit Bureaus

bankruptcy Equifax Credit Report

bankruptcy Trans Union Credit Report

bankruptcy Experian Credit Report

bankruptcy Identity Theft

bankruptcy Credit Check Monitoring

bankruptcy Bankruptcy & Credit Report

bankruptcy Foreclosure & Credit Report

bankruptcy Credit Check

bankruptcy Credit Report FAQ















Order Credit Report Now

- Free Credit Report
- Order Credit Score
- Order 3 Bureau Credit Report

View all available credit report options from our credit report center

Credit Report News

View news about credit reports, credit history, identity theft, and other credit report news.

Consumer Credit Counseling Service Providers Directory

Search consumer credit counseling services in our cccs credit management directory

Credito en Espanol

Ordena tu reporto de credito in espanol.

- Reporto de Credito Gratis
- Orden tu Reporto de Credito
- Orden tres buros de credito

Contact Free Credit Report

Contact Free Credit Report

Free Credit Report Site Map

View free credit report site map

About Us

Learn more about free credit report





Free Credit Report - Credit Scores - Credit Monitoring - Credit Checks - Provided by Free Credit Report