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debating on Chapter 7...

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MyDataMyChoice
Valued Contributor

Re: debating on Chapter 7...

you normally just need a letter explaining

BK can be beneficial especially from tax perspective instead of settling.

Things happen...

You are less of a risk with NO DEBT and a good reasoning for filing... as long as you are discharged you;ll be fine.

I have a Series 7/66 and filed BK7. I was hired from the initial bank before filing.. but with HIGH debt... and i needed to provide statements of all accounts... the ones that were past due...

I was hired by another bank after i filed. and they just needed a letter (1 - 2 paragraph) DISCLOSING the BK7 and saying its DISCHARGED

It has NOT been an issue.


All Negatives History Removed as of October 2025 - Only BK CH7 Showing as Public Record

                       
Lines of Credit:   
Personal Loan:  

Total Reported Revolving CL: $162,450 + 26K PLOC = $188,450

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