Bankruptcy and Credit Scores
Bankruptcy stays on your credit report for a period, but it doesn’t mean the end of your financial health. With careful planning and responsible financial behavior, you can rebuild your credit over time.
Bankruptcy stays on your credit report for a period, but it doesn’t mean the end of your financial health. With careful planning and responsible financial behavior, you can rebuild your credit over time.
Bankruptcy discharges most unsecured debt. Student loans are not dischargeable, unless you file a lawsuit in the bankruptcy and prove that the debt is causing an undue burden. This may have gotten a little easier based on new guidance.
A revocable living trust is frequently unnecessary for modest estates, but everyone should at least have a Last Will and Testament, a Healthcare Power of Attorney, and a Durable Financial Power of Attorney.
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