Credit Reports

Today’s topic involves a reoccurring issue about items on your credit report. The misconception is that filing a bankruptcy ‘gets rid” of negative credit events, such as missed payments. (The technical term for this is a ‘derogatory’.) But a credit report is a factual history of your credit affairs. Legitimate credit events that have not […]


How have the Bankruptcy laws changed? The reforms enacted in October of 2005 were designed primarily to prevent abuses. For the vast majority of Chapter 7 filers (liquidation of debt) these changes will not affect their ability to gain a fresh start. What is the difference between Chapter 7 and Chapter 13 bankruptcy? Chapter 7 is a liquidation of debt, excluding debts for taxes, […]