Chapter 13 Bankruptcy and Credit (partial discharge)?

Me and my husband have been in chapter 13 bankruptcy for 3 1/2 years now. We ran a little behind on our last months payment and talked to our lawyer and was told we could do a partial chapter 13 discharge. We can get out of bankruptcy with 75% of our debt paid and are free to go. How much will this affect out credit by getting out now vs. sticking it out the rest of the 9 months with100% paid??

Answers:
I've never dealt with partial discharges.they are quite difficult to get, so be grateful if you can convince the court to allow it.

But I don't really think it's going to effect you at all. Reporting of bankruptcy is 10 years from the date filed. So an early discharge does not get it removed any sooner.

And from a credit point of view, a bankruptcy is a bankruptcy...there are no "good" flavors to it.
Thats right. It doesnt matter. Its not going to hurt you. You already have a BKC on your credit report.

So if your attorney thinks he can get you a partial than instruct him to make his attempt.

Chances are not that great but you got nothing to lose.

Good Luck
Information on Chapter 13 Bankrupt
http://get-out-of-the-debt-trap.com/cate...
bankruptcy affexts your credit for 10 years period
For your Bankruptcy issue, Try the following link -


www.911-legalhelp.com/Bankrupt...

You will not only get full information about bankruptcy but also get expert advice of affordable lawyers.

Best of luck

The answers post by the user, for information only, BAnswer.com does not guarantee the right.


More Related Questions and Answers...
  • If I mail out a payment to a company from California and the post mark is on the due date, by law is it late?
  • Where Can I get a loan with bad credit right now?
  • If i have bad credit and need a loan where do i go to get a loan?
  • All three credit agencies give me a different credit score from 547-600 if I'm applying to refinance my car...
  • How do you get a loan without being turned down?
  • Can anyone make suggestions for ways to "get" collection agencies back?
  • Why eventhough the interest rate on a mortgage is lower it takes much longer to pay it off than any other kind
  • I've been working hard on improving my credit.?
  • You have 62,000 tax free, are single, no kids, and about 20 grand in debt. How would you use the money?