if a person was made bankrupt 4 years ago how long does it last?

Answer 1

I believe it is seven years for your bancruptcy to be "spent" so you have three years to go. Make sure you always declare your bancruptcy status to Insurance/Financial companies or you could be accused of disclosure of a fact ie the fact you were made bancrupt

Answer 2

10 years

Answer 3

I'm not absolutely certain, but I've always heard anything on your credit falls off after 7 years (since the bankruptcy was finalized, not when you first filed). I do know for a fact that if you are going to buy something big like a house, no one legitimate will finance you unless it's been over 2 years since it was finalized, and even then you will have to deal with big interest rates. BEWARE by the way of anyone who says they can finance you for ANYTHING no matter what your credit . There is always a high, hidden price to pay for letting them finance you. In the old days such companies would have been called loansharks. Now they're mortgage brokers and used car salesmen!

Answer 4

It usually takes a compleate 7years before your in the clear, if the person wants to get good credit, get a prepaid credit card, there saying that by the year 2008 the prepaid credit cards will be the same as a regular one.
if i make make a sugestion though, if you know of someonelse who wants to go bankrupt, tell them they should consolidate there debts first, before they take that step. Making small payments is better then going the other way.

Answer 5

it is 7 years in the US. you have to make sure that you get the proper paperwork when your bankruptcy has been discharged. I've gotten many people approved for sub-prime mortgage loans a month after their bankruptcy was discharged...and i'm talking with FICO scores of less than 500

Answer 6

no rely if or no longer you sense you like him, your eagerness to go through and sacrifice for him is a grim sign which you do unlike your self. are you able to no longer see that he's clearly accomplished with the relationship? you particularly do would desire to get out of there, a technique or the different. There are businesses accessible that can a minimum of steer battered women interior the superb direction to happening your individual 2 ft, in all possibility offering help interior the form of temporary shelter, nutrition or funds. they'd additionally be waiting that may assist you be sure he's finding out to purchase his babies. You deserve greater suited -- and until you have self assurance that deep down, you will shop attracting worse. take it sluggish engaged on your self with out any extreme relationships on your existence. in case you have an itch to scratch, many adult adult males would be keen to hlep you with that, yet are not getting too entangled. it particularly is gaining knowledge of time, no longer dedication time. Alternately, in case you may get your palms on $one hundred fifty no questions asked, you need to have him placed on the thingy decrease than... which will maximum in all possibility end his would desire to place money into prostitutes. do no longer assume miracles, yet no longer less than you have greater suited odds on refocusing his ability than with out. superb desires!

Answer 7

4 years then 3 years without obtaining credit so it is 7 in total last time i heard. sorry.

Answer 8

I thought it was only 1 year, i know it was 6 years before but it may have changed

Answer 9

FOREVER!!!

On the plus side i have absolutely no sympathy for being who have declared bankrupt...

I work in a business, family, nice earner... and the amount of times we've been screwed over by scum bags who spend beyond their means and then declare themselves bankrupt which pretty much sends the whole of us real hard working people a big f*ck you, i have no time.

Answer 10

I've always heard it's 7 years
so you got another 3 to go