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2014-08-26 23:03:01
2014-08-26 23:03:01

Once your bankruptcy has been dismissed, you can apply for and receive new credit. It is not recommended but many people do get new credit cards after filing. Usually a company included in a bankruptcy will not extend credit to you again.

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If the credit card was included in the Chapter 7, nothing happens. The account will be closed by the creditor and the amount owed including any accrued interest is wiped out.


I filed Chapter 7 last year and when I applied for a credit card this year I was denied and the reason was "bancruptcy".


A Chapter 7 BK can eliminate credit card debt.


It would depends entirely on your financial situation, there is not enough information to determine. If you were to file chapter 7, the that credit card would be forgiven.


Yes. The legal action is terminated by the automatic stay. However, whether the credit card debt is discharged depends on how recently the card was used and for what.


The amount of time a bankruptcy stays on your credit report after discharge differs between Chapter 7 and Chapter 13 Bankruptcy. With Chapter 7 bankruptcy, the Chapter 7 stays on your credit report for 10 years. Chapter 13 bankruptcy, after discharge, it shows for 7 years on your credit report.


Yes, your payment history will still be a part of your credit report as well as the Chapter 7.



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


No, they cannot come after the purchases. They can object to the discharge if you ran up your credit card balance before filing, and the purchases or cash advances were not for necessities.


yes! because in Chapter 7 bankruptcy is considered a straight liquidation of unsecured debt. In simpler terms, this means that all unsecured debt is discharged. in short its a judgement for your term in credit card bills.



No...you only have the right to use it...(and I'm not absolutely certain of that). The credit obligation is still whoever it was issued to.


A Chapter 13, whether it is dismissed or successfully receives discharge, is on your credit report for 7 years. A chapter 7 is on your credit report for 10 years. i called equifax and a discharged chapter 13 stays on for 7 years and a dismissed chapter 13 stays on for 10 years


Included in bankruptcy accounts and collection items both stay on your report for seven years maximun per the fair credit reporting act. The answer is 7 years.


Your mortgage should have been included in your chapter 7 discharge. If it was- then you are no longer liable for the mortgage, but the lender can still foreclose on the property. If the mortgage was not included- then why wasnt it included.


yes, it will remain on your credit reports for 7 years


Yes but the Judge will likely require you to pay those cards. He may believe that you are intentionally defrauding the credit card company.


It depend on the individual credit card companies if they report on your credit history or not, like some department store credit cards may not show on a credit report


You need to get the release from the courts and send it to the credit reporting agency to ask for it to be removed.


You can apply for anything you want. You must disclose your status by answering the credit application fully. The choice to grant you credit is the one issuing it, and theirs alone.


It depends on the state and the credit bureau. The average, however, is about 7 years.


A chapter 7 can remain on your credit report for up to 10 years after the date of the discharge. It will drop off after that because of the federal Fair Credit Reporting Act.


Chapter 7 will stay on credit report for 10 yrs. Chapter 13 for 7 yrs.


as long as it remains a part of your credit report, 7 years.



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