No wage garnishment

Almost all unsecured debt is discharged in 3 ½ months

Chapter 7 is usually completed in 3 ½ months

Chapter 11, 12 or 13 takes 3-5 years to complete

Chapter 7 stays on credit report for 10 years

Chapter 11, 12 or 13 stays on credit report for 7 years

Debt to income ratio changes for the better the minute bankruptcy is filed

Debtor cannot file Chapter 7 again for at least 8 years

If debtor has stable employment, credit score may start climbing immediately after discharge

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