Credit Unions Treat Personal Bankruptcy Differently From Banks

There's a difference between how banks and credit unions each handle patrons in a financial crisis. While banks may allow customers who have included bank debts in a personal bankruptcy to continue to patronize them, credit unions don't allow the same. When a debt owed to a credit union is discharged in a  bankruptcy, the [...]

By |2014-04-23T21:44:04+00:00April 23rd, 2014|Chapter 13, Chapter 7, Creditors|0 Comments

Chapter 7 Versus Chapter 13 Bankruptcy

Many Arizona citizens are familiar with the general concept of bankruptcy, but are not sure exactly what the process entails. Federal law includes two different statutes that allow consumers to receive debt relief by filing for bankruptcy. These are called Chapter 7 and Chapter 13 bankruptcy. A person's credit report will be affected for 10 [...]

By |2014-03-08T00:52:46+00:00March 8th, 2014|Bankruptcy Attorneys, Chapter 13, Chapter 7|0 Comments
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