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Debt Destroy

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Member since: 5/28/2009
Last visisted: 9/10/2009
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Forum posts: 243
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Steven

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Right. Specifically, Chapter 7 bankruptcy stays on your credit report for 10 years and Chapter 13 bankruptcy for 7 years. Both stay on your public/legal records for 20. So in the end filing bankruptcy is not the best way to get out of debt, but unfortunately for some it is their only option.
Thanks for sharing LD- anyone thinking, I need to settle a Bank of America credit card can read about your situation and see that there are ways to get out of debt without setting up a payment plan for the balance in full.
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