Contributor
Marcus Okafor, J.D.
Bankruptcy & Legal Contributor
J.D. Georgetown Law. Admitted to practice in NY, NJ, and the EDNY/SDNY bankruptcy courts.
Marcus is a practicing consumer bankruptcy attorney who writes on Chapter 7 and Chapter 13 procedure, the means test, and creditor litigation. He has represented over 800 individual filers.
Bibliography · 1 article
- Jun 15, 2026
Bankruptcy: The Federal Reset, Demystified
Chapter 7 discharges most unsecured debt in 90–120 days. Chapter 13 restructures it over 3–5 years. Both stay on your credit report for up to a decade. Here is how to tell which one applies to you.