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.
You might even find that spending the time to attend the meetings of the Condo Board is a good investment in your property (once you buy). Now is a good time to buy because the prices have fallen a great deal.You will be rock bottom purchase price now.t can cost you large amounts of money. The way it works is this: Condo Associations, by law, cannot borrow money. If they have a big expense which they cannot pay for...the have a special assessment. They send a LARGE bill to every owner..they owner must pay it.