It should just drop off your credit reports. However, the top three credit bureaus are infamous for inaccurate reporting. When the time comes (and every year before that), obtain a free copy of your three credit reports and make sure they're accurate. This will also prevent you from falling prey to identity theft.
Chapter 7 Bankruptcy will be removed from a credit report 10 years after the date the Bankruptcy was FILED.
A Chapter 7 bankruptcy stays on your credit report for 10 years. Generally a Chapter 13 bankruptcy will be removed after 7 years, but can remain up to 10 years.
A Chapter 7 bankruptcy will remain on the credit report for the requrired ten (10) years. There are not options for having it expunged sooner.
A chapter 7 bankruptcy filing remains on your credit report for 10 years. Chapter 13 bankruptcy remains for seven years. Under chapter 13 bankruptcy you repay at least a portion of the debt, so it is removed a little sooner.
No....10 years from discharge
A Chapter 7 bankrutpcy may display on your credit for 10 years from the date of filing. Chapter 13 may stay for 10 yeas also, but it is customary for those to be removed after 7 years.
As far as I'm aware, it is removed automatically after 7 or 10 years from the filing date depending on which chapter you filed.Thanks for using Answers.com!
In California it depends on which Chapter you filed under. 10 yrs on your credit report is the max time.
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.
A Chapter 7 Bankruptcy may stay on your credit report for up to 10 years. A Chapter 13 Bankruptcy may stay on your credit report for up to 7 years. But both may be removed earlier if the information they are reporting is incorrect, incomplete, misleading, or unverifiable.
10 years from discharge
Bankruptcy lasts on your credit record for 7 to 10 years. You can re file a Chapter 7 after it has been 8 years. You can file a different chapter after it has been four years.
The time limit for a discharged chapter 7 or 13 bankruptcy to remain on a credit report has always been 10 years. A dismissed chapter 7 wil remain 10 years, a dismissed chapter 13 will remain 7 years.
Bankruptcy can stay on your credit report for up to 10 years. I say "up to" because you can ask to have it removed and in some cases they may do so. After 10 years if it is not removed, you can demand that it be removed.
10 years before the Chapter 7 is removed. It will decrease your scores dramatically to 400s to 500s.
The time limit for bankruptcy on a CR is 10 years, it will not be removed before that time expires. Six years is the criteria for refiling a chapter seven BK, although that will be changed to eight years on Oct 17, 2005.
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!
Usually 10 years.
Whether you are filing Chapter 13 or Chapter 7 bankruptcy, your credit score will be directly impacted for 7-10 years AFTER you exit protection.
You can file as many as you want however you should wait 8 to 10 years before you can file another chapter for bankruptcy.
Chapter 7 will stay on your credit report for 10 years from the date bankruptcy was filed. Chapter 13 typically stays on your credit report for 7 years from the date the bankruptcy was filed, however, can remain on your credit report for 10 years.
Bankruptcy will remain on a credit report for the required ten years. There is no recourse to have the entry removed before the time limit has expired.
Assuming that you are referring to Chapter 7 bankruptcy, 8 years. Usually 8 year to 10 years when filing like Chapter 7 bankrutpcy.