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.
Don't panic if one of the financial institutions you do business with is struggling. In many cases, consumers are protected from financial loss, up to certain limits, when a bank, credit union, brokerage, or insurance company fails.To make the best choices -- and avoid unnecessary worrying -- understand what assets and policies are protected and how you can maximize your money's security.on't panic if one of the financial institutions you do business with is struggling. In many cases, consumers are protected from financial loss, up to certain limits, when a bank, credit union, brokerage, or insurance company fails.