I have only 15 months left to pay my remaining $5500.00 balance on my Chapter 13 but my lawyer informed me since my vechile is paid off I can now convert to chapter 7 So i can start rebuilding my credit faster. Is their any consequeces to this? Will this hurt how long it will take to reestablish my credit?
Under your lawyers advice it seems that there will not really be any consequences. It will take 24 to 36 months to rebuild credit. The Bankrutpcy will be on your credit files for 10 years, but as the economy moves along you will be invited back in tothe world of credit much earlier.
Under your lawyers advice it seems that there will not really be any consequences. It will take 24 to 36 months to rebuild credit. The Bankrutpcy will be on your credit files for 10 years, but as the economy moves along you will be invited back in tothe world of credit much earlier.
posted by Questions @ 1:40 PM
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