I filed a bankruptcy 8 years ago. Chapter 7. I was told that if I write the bureaus a letter disputing this legitimate bankruptcy, That there is no way to legitimize the bankruptcy this far out and they will have to remove it off of my bureaus. Is this true?
2007-07-23 05:42:48 · 10 answers · asked by hasdad62 6 in Business & Finance ➔ Credit
Officer Enoriverbend of the Morality Police!
Everyone is a deadbeat. Everyone is a lier.
Lets clump all those people into the same bunch as those who had their finances destroyed by divorce, loss of a job, medical emergencies, or some other personal disaster. I hope you never have such a problem. With your nose stuck up that high you are a big risk for a trip-and-fall accident.
Trying to get bankruptcies off your credit report is difficult. Verifying public records is a simple task.
Some people have been able to get it done by depending on the incompetent work of credit bureaus. If you have had a change of address, dispute the address currently on record and make sure they have your current address. Then file a dispute on the bankruptcy saying it's not your bankruptcy and is being reported in error. If you are lucky they will do a crappy job investigating it (or not at all) and delete it.
2007-07-23 06:18:20 · answer #1 · answered by Anonymous · 1⤊ 1⤋
I had a bankruptcy several years ago. It was still on the record officially when I went to a dealer to buy a car. Since the credit report was several pages long he didn't see the bankruptcy right away but brought it up later. When I pointed out the date (9 1/2 years) he said OH! I didn't see the date. He got me a good loan with no problem. It's not the bankruptcy that causes a problem it is what you have done in the meanwhile.
2007-07-23 05:51:38 · answer #2 · answered by Dewey K 2 · 0⤊ 0⤋
From this site...
http://www.moranlaw.net/creditreports.htm
Credit reports after bankruptcy
Your bankruptcy can be reported on your credit report for 10 years from the filing of the case. If you file a bankruptcy and voluntarily dismiss it before the discharge, the credit reporting agency must report the dismissal as well as the bankruptcy filing.
Assuming you have income, you should be more credit worthy after a bankruptcy than you were before, since your old debts no longer have a claim on your future income.
Commentary to the Fair Credit Reporting Act makes clear that a debt discharged in bankruptcy must be listed as having a 0 balance. FTC OSC section 607, item 6 states: "A consumer report may include an account that was discharged in bankruptcy (as well as the bankruptcy itself), as long as it reports a zero balance due to reflect the fact that the consumer is no longer liable for the discharged
debt."
After the discharge, you are entitled under federal law to have the balance of each discharged debt reported as "O". The history of delinquencies can be reported, but the balance must be zero. If it is not so reported, dispute the debt.
Negative history on your credit report is just that: history. It does not doom you to perpetual credit rejection. It does challenge you to strengthen your financial present by saving and using credit carefully.
2007-07-23 05:46:34 · answer #3 · answered by mister_galager 5 · 0⤊ 0⤋
You need to speak to an attorney who specializes in Bankruptcy.
Your question does not make much sense to me. Why would you need to "legitimize" a bankruptcy? Either your debts were discharged or they were not.
If a collection agency is giving you a hard time about a discharged debt, have your original bankrupcty attorney write them a letter saying that they are in violation of the law.
If they still call or hassle you about them, tell them they are welcome to file a motion with the bankrupcy court.
2007-07-23 05:49:26 · answer #4 · answered by Feeling Mutual 7 · 0⤊ 0⤋
Not true. Federal courts keep the best records and this will be easy to verify. This should clear off your report in about 10 years from the date of the discharge notice.
2007-07-23 06:15:23 · answer #5 · answered by Cali Girl 3 · 0⤊ 0⤋
I don't think so.
This will stay on your credit for at least 10yrs.
Most creditors look back 7.
It doesn't matter what the reason was, it is still bankruptcy.
2007-07-23 05:45:46 · answer #6 · answered by Mom of 2 great boys 7 · 0⤊ 0⤋
So, eight years ago you lied to a lot of people by telling them you'd pay them back, and didn't, by declaring bankruptcy.
Now you want to lie about the bankruptcy itself.
You may wish to re-examine your morals, if any.
Followup to Studly: You are certainly correct that sometimes bankruptcy occurs when unforeseen circumstances occur. More and more, lately, it seems that bankruptcy is an alternative to paying one's bills under *foreseeable* circumstances. I do note that you proceed to explain just how to get away with lying about the bankruptcy without addressing how that lie can be ethical.
2007-07-23 06:00:31 · answer #7 · answered by enoriverbend 6 · 1⤊ 4⤋
Wrong. It's there for 10 years.
2007-07-23 05:45:57 · answer #8 · answered by Anonymous · 0⤊ 0⤋
No it is not.
Bankruptcy's show for 10-years. And they are public record so they are not hard to prove.
2007-07-23 05:46:04 · answer #9 · answered by ? 7 · 0⤊ 0⤋
they will remove it... but it takes like 10 years or more... depending where you live; or what you've been doing in this 8 years...
2007-07-23 05:54:00 · answer #10 · answered by tom168mail 2 · 0⤊ 0⤋