After Bankruptcy

Chapter 7 or 11 bankruptcy. You’d be eligible 24 months after the discharge or dismissal if the bankruptcy were beyond your control, or after 48 months if the discharge was due to financial mismanagement. chapter 13 bankruptcy.

Partnerships and corporations file bankruptcy under Chapter 7 or Chapter 11 of the bankruptcy code. Individuals may also file under Chapter 7 or Chapter 11. For additional tax information on bankruptcy, refer to Publication 908, Bankruptcy Tax Guide and Publication 5082, What You Should Know about Chapter 13 Bankruptcy and Delinquent Returns (PDF).

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PG&E Corp., which filed for bankruptcy last month, announced a boardroom shakeup that would bring back at most half of the current board members. No more than five of the utility owner’s 10 current.

Buying a home after bankruptcy can be particularly challenging, but it's not impossible. Knowing what to expect after getting your bankruptcy.

Rebuilding Credit After Bankruptcy. To rehabilitate your credit after a bankruptcy, consider taking the following steps: Check that the bankruptcy was reported correctly. Pull your free credit reports via AnnualCreditReport.com and be sure that all the debts that were part of the bankruptcy filing are marked as discharged and with a zero balance.

After filing bankruptcy, creditors can still report your negative information on your reports for up to 7 years. All negative information on your report can stay on there for 7 years, although, once the bankruptcy is discharged, these accounts should go into a "settled" status and not show that you owe X amount of money.

Whether you are using cash or plan to get a car loan, you should wait until after you have received your bankruptcy discharge, or after your bankruptcy case has been dismissed. chapter 7. In a chapter 7 case, you should get your Notice of Discharge from the bankruptcy clerk of court at least 90 days after your 341 meeting of creditors. Chapter 13

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Sure, that happens, but often, people and companies file bankruptcy after a major financial blow. It might be a lawsuit debacle. It might be.

SAN FRANCISCO (KRON) – There new questions about just who will be running PG&E once it emerges from bankruptcy. A federal judge has granted a two-week period for California officials to develop.