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Filing Bankruptcy in Montana: How State Rules Protect Your Home and Credit
['Traci Taylor']
Cat Country 102.9 – We\'re Montana\'s Own – Billings Country Radio
A filer's household income over the prior six months is compared against Montana's median income for a household of the same size.
How Long Bankruptcy Stays on a Credit ReportA Chapter 7 filing can remain on a credit report for up to ten years from the filing date.
Rebuilding Credit After a Montana Bankruptcy Case ClosesRecovery can begin the same day a Chapter 7 discharge is granted or once a Chapter 13 plan is completed.
A secured credit card, which requires a cash deposit that sets the credit limit, gives filers a low-risk way to start rebuilding on-time payment history.
For Montana residents anywhere in the state weighing this decision, a consultation before filing is generally the first step attorneys recommend.