Posted on
November 13, 2009
at
4:41 am
What are the similarities of debt settlement and bankruptcy?-Both are debt relief options-In terms of impact to credit, debt settlement stays on the report for 7 years, Bankruptcy Chapter 13 stays on the report for 7 years as well-Both eliminates unsecured debtsWhat is the difference between debt settlement and bankruptcy? SHARE YOUR THOUGHTS!
Posted on
November 13, 2009
at
4:42 am
What is the difference between debt settlement and bankruptcy?A bankruptcy stays on public records for 20 years - a debt settlement doesn't.
Posted on
November 13, 2009
at
4:49 am
What is the difference between debt settlement and bankruptcy?With debt settlement there's no court appearance - so no filing fees, no mandatory credit counseling fee, no legal fees, the consumer doesn't have to deal with the creditors directly, no need for declaration of assets and income, etc. With bankruptcy - it's a court procedure. It has all the above mentioned fees and activities.
Posted on
November 13, 2009
at
5:10 am
What is the difference between debt settlement and bankruptcy?Debt settlement duration - 12 to 36 months.Bankruptcy Chapter 13 - 3 to 5 yearsBankruptcy Chapter 7 - depends on the complexity of your case but you should get a discharge 60 days after the meeting with the creditors.
Posted on
November 13, 2009
at
5:27 am
What is the difference between debt settlement and bankruptcy?Debt settlement deals with unsecured debt onlyBankruptcy deals with some secured debts as well
Posted on
November 13, 2009
at
5:29 am
What is the difference between debt settlement and bankruptcy?Debt settlement is run by private companiesBankruptcy is run by the government
Posted on
November 15, 2009
at
10:52 pm
The difference between debt settlement and bankruptcy? Bankruptcies stay on our public records for as much as 20 years, regardless of the chapter you filed. Settling your debt, on the other hand, doesn't have that kind of effect.
Posted on
November 20, 2009
at
8:32 pm
Debt settlements and bankruptcy are both way of eliminating debt. Bankruptcy is the last line in the road and should only be used when you have absolutely no other options.Bankruptcy is where all of your forgivable debt is relieved. There are two types of
bankruptcy, Chapter 7 and Chapter 13. Chapter 7 bankruptcy basically erases your unsecured debt and lets you start over financially, although you will have a large black mark on your credit report.
Posted on
November 21, 2009
at
7:59 am
Bankruptcy stays on your record for 10 years now I believe.
Posted on
November 22, 2009
at
10:15 pm
That's for Chapter 7 bankruptcy. A Chapter 13, on the other hand, remains on your credit report for 7 years.
