If you file for Chapter 7 or 11, it will remain on your credit report for up to 10 years. If you file for Chapter 13, it may stay on your report for up to seven years. A Chapter 11 bankruptcy will stay on the business's credit report, not the individual owner's, unless they file a personal bankruptcy.
Answer:Purchasing power in todayâs dollars = $289,287/1.02536 = $118,924. 4) You plan to save $7,000 each of the next 40 years, and invest that money in an account that pays 9% annual interest. In addition, you plan to pay for your childâs college education beginning in 20 years.
Your bank protects 2 monthsâ worth of benefits. If a collector tries to garnish money in your account, your bank must look at your account history to see if you received any Social Security or VA benefits by direct deposit in the last 2 months.The bank must protect 2 monthsâ worth of benefits from garnishment and let you use that money.o learn more about how they may be protected, consider finding legal help. 1  Know when your bank can and canât charge you fees for garnishment. 2  Your bank can only charge you a fee for processing the garnishment if you have more than 2 monthsâ worth of direct deposited Social Security or VA benefits in your account.