Timeline of bankruptcy events

What happens before, during and after bankruptcy
30monthsChapter 7: FHA-insured mortgage
Two years after discharge; consumers are eligible.
Eligible after a year if the consumer shows he or she is responsible with his or her financial affairs, the bankruptcy was caused by circumstances beyond his or her control and that the circumstances are not likely to happen again.
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Debt Adviser

Charged-off debt still due?

Dear Debt Adviser, I have a charge-off on my credit report. According to my credit report, it will fall off my report in 2016. I need information on what this means. It's my understanding that it cannot be collected after... Read more

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