Subscribe To Our RSS Feed
Receive Updates via E-Mail:

Category Archives: Chapter 7 Bankruptcy



Credit reporting agencies typically report bankruptcy information for a period of ten (10) years. This, however, does not mean that your credit rating will remain low for that entire time. Credit scoring takes into account the age of derogatory information, and discounts the value of that information the older it is. Therefore, […]



In the recent case of In re Rice, 2007 WL 781893 (Bkrtcy. E.D.Pa. 2007) the Chapter 7 debtor claimed her 2000 Mitsubishi Galant, secured by a loan from National Auto Finance Company, as exempt pursuant to 11 U.S.C. ยง 522(d)(2) and (5). The Debtor filed a Statement of Intention asserting that the car was […]