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After ten years can bankruptcy come off your credit report?

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2005-10-16 13:11:08
2005-10-16 13:11:08

Bankruptcy should be expunged from the credit report after the ten year from the BK discharge has expired. Credit bureaus are not as efficient or accurate as one would hope, therefore it may be necessary for the consumer to contact the CRA and request the entry be removed, be prepared to submit substantiating documentation. Consumer's should keep in mind that it is wise to monitor their credit history reportage on a regular basis.

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Related Questions


Bankruptcy can stay on your credit report for up to 10 years. If you obtain the credit report directly from the credit reporting agency (ie. Equifax, Transunion, Experion) the report will provide you with directions on how to dispute the information.

Bankruptcy only impacts your credit for 7 years. Contact Experian, Transunion, Equifax to get it removed from your credit report. Addresses and phone numbers to all 3 are avail. on internet,

Seven years is the standard for anything that has been settled to stay on your credit report. So the normal type of bankrupcy, Chapter 13 I believe, will be off the report after seven years.

The statute of limitations for reporting information about a bankruptcy is ten years from the date it was filed. You did not mention the filing date, so the very late date your bankruptcy should show on your credit report would be September of 2006.

The bankruptcy is not discharged. Your debt obligation is discharged. The discharge notice usually is mailed to you about 6 weeks after the 341 meeting. The filing of bankruptcy will stay on your credit report for 10 years from the date of filing.

If the debt that you were sued over, or the judgment itself was included in your bankruptcy, you only need send a copy of your bankruptcy papers to the credit reporting agencies. The judgment will not "come off", but it should get marked "included in bankruptcy" or "discharged through bankruptcy".

The statute of limitations on reporting chapter 7 bankruptcies for 10 years has been in place for many years prior to the Fair Credit Reporting Act being amended in 2003. A chapter 7 bankruptcy can be shown on your credit for 10 years from its date of discharge.

It adversly effects your credit for 7 years. Except for a Chapter 7 bankruptcy which remains on the report for 10 years, no bad debt can stay on your credit repair beyond 7 years from the date the debt was originated. The law is on your side that it must come off.

{| |- | AnswerSome things like filing for a bankruptcy never come off easily from your credit report as such an incident is considered as you are not able to manage your finances and lenders later see this as a risk.|}

Ten years after the date of discharge.

Bankruptcies come off of your credit report either 10 years or 7 years (depending on which Chapter was filed) after the Order for Relief is issued, and the Order for Relief is issued immediately upon the filing of the petition (signified by the "Relief Ordered" stamped on the front page of the petition upon filing (at least prior to electronic filing, nowadays there is no physical petition to stamp)). Therefore, the first bankruptcy will fall off your credit report 10 years after the date is was filed if it was a Chapter 7, and it will fall off 7 years after the date is was filed if it was a Chapter 13. The subsequent bankruptcy will not affect the date on which the first bankruptcy is removed from your report. To be more direct to the question, if you file the second bankruptcy 6 years after the first one was filed, then you will have 2 bankruptcies on you credit report for 4 years, after which the 10 years for the first bankruptcy will expire and it will be removed, and then you will still have the second bankruptcy on your report for 6 more years (at which time the 10 years runs on it, and it will be removed too). 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.

No the bankruptcy will not show on your credit history unless you filed as well. However, now the mortgage company has the right to come after you in full for the amount owed, since the Court has released him from all obligations.

Do not worry about applying for credit after bankruptcy. The applications will come to you before the ink on the court documents has dried.

No. The timing with which a bankruptcy is removed from a credit report has nothing to do with re-established credit - only time. Section 605(1) of the Fair Credit Reporting Act states that no consumer reporting agency may make any consumer report containing "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." Pursuant to 11 U.S.C. 301,

It can not be erased. If it has been paid, it will come off your credit in 7 - 10 years. If you still owe money on it and they report monthly that you owe an amount, it can stay indefinitely. If you owe money, but they are not reporting it monthly to the credit agencies, it i will come off in the 7 - 10 years.

Discharge. Although it is actually avail for anyone wanting to look further, and as a matter of federal court records, for longer.

it currently takes 7 years for something to come off of your credit report

Interesting Question! A credit score of Zero occurs for a variety of reasons-most due to no credit history, but not due to bankruptcy. Zero credit score can occur because you have not had any credit within the past seven years; you have never had any credit; you have had your credit account suspended due to report of identity theft or fraud; or you were convicted of a felony. There may be other reasons for a zero credit score not mentioned here. The normal range of score is around 300 - 850 (depending on your information source). After bankruptcy, a FICO score in the mid to high 400 range, but after a couple years, this tends to come back up to the 500s, even low 600s (depending on how many accounts were included in bankruptcy). Hope this helps!

If you filed March 11, 1997 it will stay on reports for 10 years so it should come off march 12, 2007. Chapter 7 bankruptcies stay on report for 10 years. Chapter 13 stay for 7 years on experian and transunion. On equifax they stay for 10 years!

Bankruptcies (both Chapter 7 and Chapter 13) remain on your credit report for 10 years.

There are only way to repair bad credit due to a mortgage loan is time. All debt information related to late payments and Chapter 13 bankruptcy come off a credit report after 7 years. Chapter 7 bankruptcy (total liquidation) remains for 10 years. Not that some items associated with defaulted mortgages, such as tax liens, last forever until paid and even after paid may remain for 7+ years.

Typically, you have to wait 7 years for the charge-off to come off your credit report. But, if the account is incorrect, incomplete, misleading, or unverifiable, it may be deleted much sooner.


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