About Bankruptcy
Common Forms of Bankruptcy
Bankruptcy will stay on an individual's credit report for seven to ten years depending on which type of bankruptcy is filed. Chapter 7 will normally be reported for 10 years and Chapter 13 will normally be reported for 7 years.
- Chapter 7 bankruptcy – an individual does not have to pay creditors and all debts are discharged.
Click here to learn more about Chapter 7 bankruptcy - Chapter 13 bankruptcy – an individual repays a portion of their debt to creditors.
Click here to learn more about Chapter 13 bankruptcy
Click here to find out about the effects of bankruptcy
- Credit Cards
- Unsecured Loans
- Unsecured Personal Loans
- Unsecured Personal Lines of Credit
- Collections, Autos in Repossession
- Home Loans / Mortgages
- Auto Loans / Student Loans
- Government Loans
- Lawsuits, IRS Debt/Taxes
- Secured Debts / Medical Bills
* Individual results may vary based on ability to save funds, amount of debt, willingness of creditors to negotiate, and the successful completion of all program terms. DMB's fees not included in savings disclosure. Program does not assume or pay any debts, nor provide legal or tax advice. Prudence should always be taken by consumers when reviewing contracts and disclosure materials. DMB's services not available in all states.
