bankruptcy
of chapter 7 and chapter 13 bankruptcy, which is more credit damaging/generally worse? by GMille_673_379 from Weaverville, North Carolina. Aug 20th 2012
Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions
They both are bad. I certainly hope you are not trying to decide which to file based on how your credit will look after. The damage to your score will depend on what happens to your credit accounts. I know people that have filed and have scores in the mid 700s only a couple of weeks after the filing, and others that have scores in the 400s. The difference is not the type of BK they filed, but the status and quantity of credit items on their report. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com 888-889-9950
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions
Both are bad.. Chapter 7 is worse.. as far as credit.. as far as debt relief.. Chapter 7 is better.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com
Ralph Richard Guertin (ralph@absolutelowrates.com)
#58 ranked lender in Georgia - 807 contributions
chapter 7 generally
Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions
Chapter 7 usually.
Peter Botros (PeterBotros)
#70 ranked lender in New York - 895 contributions
Nevin answered it nicely
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