cancel
Showing results for 
Search instead for 
Did you mean: 

BK Discharge

tag
LS2982
Mega Contributor

BK Discharge

What exactly does this mean? I'm lost on the details of BK so far. 😢

 

Mine was was just recently filed and showing up on EQ as of 2/29.




EQ FICO 548 3/3/16
Message 1 of 2
1 REPLY 1
Anonymous
Not applicable

Re: BK Discharge


@LS2982 wrote:

What exactly does this mean? I'm lost on the details of BK so far. 😢

 

Mine was was just recently filed and showing up on EQ as of 2/29.


Filing is just the beginning. The completion of your BK is the discharge. If it is a Ch13, then it might be years from filing, if it is a Ch7, then it is only a few months. Mine was filed in Nov 2014 and Discharged March 2015. The holiday season made it take longer. Yours might be as short as 3 months for a Ch7. At the point of a Ch7 discharge, all of your dischargeable debts are erased (secured debt can be reaffirmed, some debts like Student Loans can't be discharged except for extraordinary circumstances.)

 

After discharge you have a clean slate to start your rebuild.

 

Good luck.

Message 2 of 2
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.