Unforgivable Debts

Posted By: Dr. Frugal in Credit on 08/15/2007 at 14:14:18

A bankruptcy stays on your credit history for 10 years. During that period you may be denied credit. Some debts may not be dischargeable in a Chapter 7 bankruptcy if a credit challenges them. These include:

· Debts you incurred by fraud

· Credit purchases over a certain amount in the sixty days prior to filing for bankruptcy

· Loans or cash advances over a certain amount in the sixty days prior to filing

· Debts you owe under a divorce settlement or decree, with certain exceptions.

Comments

No comments yet. Go ahead, be the first.

Leave A Comment:

*Name: URL:

*Message:


*Enter letters to help stop spam: ysqr

Sections

Frugality (70)
(1)
Budget (32)
Credit (30)
Currency (22)
Economics (86)
Loans (42)
Politics (18)
Saving (31)
Taxes (42)

Related:

When is an online transaction secure?
Identity Theft
I lost my credit card
Avoiding Credit Repair Scams
Credit Counseling Service

Most Popular

Debix vs. Lifelock
Is Lifelock a scam?
Review: TurboTax
Need a Coupon for Essentials?
Free Turbo Tax 2016

Most Recent


Need a Coupon for Essentials?
Tips for Saving Money on Fuel
How to Choose the Best Bank
Saving for College
Verizon Promo Codes
Biggest Bankruptcy Ever

Feeds


RSS/XML Feed