I will lose my car. Most cars are actually
exempt from seizure. On the other hand, you may just decide to hand it over and be free
of the ongoing payments. Everyone will know that I went bankrupt. In
most cases, no-one will know unless you tell them, or you owe them money (we advise them
so they cannot collect). Bankruptcy equals failure. Taking control
of your finances, making better spending choices, and knowing when to reboot are signs of progress.
Bankruptcy clears out old baggage to make room for future success.
Bankruptcy lasts seven years. Bankruptcy can be as short as 9 months, depending on your
situation. “Seven years” refers to how long the bankruptcy sits on your credit report,
if anyone cares to look; TransUnion is seven years, Equifax is six.