The debts which were wiped out in bankruptcy still stay on your credit report, but they should be listed as "Discharged in bankruptcy."
They will still stay on your credit for 7 years (they don't get extended to 10 years like the Chapter 7 just because they were discharged in bankruptcy).
Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts, which I do not warrant, and I am not suggesting any course of action or inaction to any person.
Bankruptcy does not get discharged. Debts are discharged. The bankruptcy will remain on your credit report for 10 years from the date of filing. The debts that were discharged can remain for 7 years from the date of discharge, showing a zero balance and that they were discharged in bankruptcy.
Yes, discharged debts are generally noted as "included in bankruptcy" on a CR.
It should be removed from the credit report in 2009. A bankruptcy remains on a credit report for ten years from date of discharge.
Your credit report will show both the accounts (which were listed first) and the legal entry of the bankruptcy in the public records portion of your credit report. Once a bankruptcy is discharged, credit grantors should update the account listing (called a trade line) and make sure that no derogatory information is showing (like past due balance or collection account notations) EXCEPT for the "included in bankruptcy" statement. This is what SHOULD happen. It's up to you to follow up and make sure that your credit report looks like it is supposed to after a bankruptcy.
no it has been filed with the state and will stay on your credit report
Not if the debt was discharged in the bankruptcy. If the judgment was on the credit report before the bankruptcy was filed and/or was discharged in the bankruptcy, the entry will still remain on the CR for seven years.
Yes, but only after the bankruptcy is removed from your credit report - which can take over ten years from the discharge.
The accounts can remain up to seven years after the last payment was made, but will show a zero balance due to a bankruptcy filing.
No-the accounts have been discharged in bankruptcy.
Why not? All debts are discharged, but any other actions, such as evictions, are not affected. And the fact of being discharged in bankruptcy can stay on your credit report for 10 years.