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.
Page 10 If there is one rule in buying cranes, it should be reliability, reliability and reliability. A crane is a long term investment of some 25-30 years. If you buy a problem crane, you have to live with the problem for the next 30 years, and you have to spend a lot more money later on to correct the problem. A buyer will always try to get the best deal he can.