You Will Never Get Credit Again
False. Credit card offers arrive within weeks of discharge. Auto loans available in 1-2 years. FHA mortgages after 2 years (Chapter 7) or 1 year (Chapter 13).
Everyone Will Know
Public record, but virtually nobody checks. Employers rarely search. Neighbors and friends will not find out unless you tell them.
You Will Lose Everything
Most Chapter 7 filers keep all property. Exemptions protect your home, vehicle, retirement accounts, household goods. Most consumer cases are "no-asset" cases.
You Can Only File Once
You can file multiple times with waiting periods between discharges. Check your eligibility at 1328f.com.
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