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:
Sections
Frugality (49)(1)
Budget (15)
Credit (17)
Currency (22)
Economics (86)
Loans (39)
Politics (18)
Saving (20)
Taxes (39)
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. LifelockIs Lifelock a scam?
Review: TurboTax
Free Turbo Tax 2011
Most Recent
Verizon PromotionsBiggest Bankruptcy Ever
Sarah Palin is an Idiot
Condoleezza for VP?
Great Depression 2
City Budget Cuts