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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