2006-09-15 08:49:07 · 13 answers · asked by jay d 1 in Business & Finance ➔ Credit
5-7
2006-09-15 08:51:00 · answer #1 · answered by Skanky McSkankypants 6 · 0⤊ 1⤋
7
2006-09-15 18:27:36 · answer #2 · answered by dbeatty13 1 · 0⤊ 0⤋
It depends on the state. Though bankruptcy is a federal affair, credit bureaus are regulated by laws governed within the state. In Florida, bankruptcy is reported for seven years. With Court, it is indefinite. In other words, if someone checked the court district in which you filed they would find your record until the end of time.
Chapter 13 will be reported longer, simply because the report goes 7 years from the date of last payment.
Anyway
Good Luck
P.S. Chapter 11 is usually used for companies.
2006-09-15 15:59:52 · answer #3 · answered by brandy10006 2 · 0⤊ 0⤋
The federal Fair Credit Reporting Act does provide that bankruptcy entries will remain on your credit report for 10 years, although some can be removed after 7 years. It can't exceed 10 years regardless of discharge date.
An important sidenote: Lenders are more interested with the discharge date than the time since the BK was filed. Most lenders want the BK to have been discharged with a foreclosure occuring at least 4 years prior to the mortgage application date.
One last thing. Avoid any and all lates after a bankruptcy. Your credit is very delicate after a BK, and any lates will be more significant to a person who has filed a BK.
Learn more at http://www.thetruthaboutmortgage.com
2006-09-15 16:34:05 · answer #4 · answered by Anonymous · 0⤊ 1⤋
7 years
2006-09-15 15:55:24 · answer #5 · answered by Devaneymom 3 · 0⤊ 0⤋
10 years
2006-09-15 15:53:04 · answer #6 · answered by linda a 1 · 0⤊ 0⤋
From the Fair Credit Reporting Act:
Cases under title 11 [United States Code] or under the Bankruptcy Act that, from the date of entry of the order for relief or the date of adjudication, as the case may be, antedate the report by more than 10 years.
Do you see anything in this rule that says anything about differant reporting times for differant chapters of bankruptcy (7 or 13)? Anything about the date starting from the date of discharge?
It's amazing how many of these responders can't read....can't do research....and get so upset when I call them stupid!
2006-09-15 16:52:57 · answer #7 · answered by Anonymous · 0⤊ 1⤋
Depends on if you file Chapter 7 or Chapter 11.
One of them requires that you pay some of the bill and the other wipes out the debt entirely.
It's 7-10 years.
2006-09-15 15:57:20 · answer #8 · answered by ModernMerlin 5 · 0⤊ 0⤋
I think its 7 or 10, but it may also be for life. Maybe if you try experian.com or msn money it might give you a more definitive answer.
2006-09-15 15:50:34 · answer #9 · answered by bmbg2577 3 · 1⤊ 0⤋
I think it's 7 and then you can rebuild your credit
2006-09-15 15:56:15 · answer #10 · answered by lacie_j_1 2 · 0⤊ 0⤋