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.
However, there may be state laws regarding how long a consumer has to cash a money order. Some states require that a money order be cashed within one year of the purchase date. Other states allow consumers to hold the money order for three years. Money orders also may be replaceable should they be lost or stolen, but this depends on the policies of the financial service provider that sold it. Learn more about Personal Banking