LauLaw

Bankruptcy fraud is the act of seeking to avoid some or all of the effects of bankruptcy by filing fraudulent documents or concealing assets. It is a criminal offense in the United States and carries severe penalties, including prison time. The most common type of bankruptcy fraud is hiding assets from the court-appointed trustee who…

A mortgage lender will typically look at your credit score two years after you have filed for bankruptcy. If you have re-established good credit and can demonstrate that you are now in a better financial position, then a mortgage lender may be more likely to approve your loan application. It is important to remember that…

A bankruptcy will stay on your credit report for 10 years. It will severely damage your credit score and make it difficult to obtain new credit for a long time. But, with time and good financial behavior, you can eventually rebuild your credit score. Bankruptcy is a last resort for people who are struggling financially.…

After your bankruptcy discharge, you will no longer be legally responsible for most of your debts. However, you should be aware that some debts, such as child support or alimony payments, student loans, and certain taxes, cannot be discharged in bankruptcy. You will still be required to pay these obligations. Your bankruptcy discharge is also…

If you’re looking to obtain a copy of your bankruptcy, you’ll need to file a Freedom of Information (FOI) request. The FOI request can be made through the court system where your bankruptcy was filed or through the appropriate government agency (in the United States, this would be the Executive Office for United States Trustees).…