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Q: How long can bankruptcy be used against you. Is it always on your record?
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How long does bankruptcy stay on credit record?

It depends on what type, but the typical bankruptcy will be on your record for 7 years.


Can you remove old credit from your credit report after 7 years?

This is not a straight yes or no answer. Somethings such as bankruptcy can say on a record as long as ten years. Many things will be off your record after 7 years but not everything.


If you filed bankruptcy and it was final and a reaffirmation agreement was signed but discharged by the courts you have always been current on your car payment can you keep the car and continue paying?

Long as you put it in your reaffirmation so that it will not be part of your bankruptcy you will be able to keep it. Same thing as with a house. Just as long as it was part of the agreement that it was not included in your bankruptcy then you are o.k.


Where can you get free Bankruptcy Advice?

If you are considering bankruptcy then it makes sense that you would seek out as much free bankruptcy advice as possible before you take the plunge.There are a number of longterm bankruptcy effects which cannot be avoided, so it is important that you are fully informed about the process of bankruptcy and what it means to your personal, professional and financial standing.The Internet is a great place to start when looking for free bankruptcy advice. There are a number of websites out there which offer an in-depth bankruptcy research. You should always seek expert advice about bankruptcy as there could be other debt solutions which are more suitable for your situationINFO:Before filing for bankruptcy, remember that it remains in record for 10 long years. Meet good financial lawyers to be able to handle this issue properly. Better consult them for advice so you will be guided. Filing for bankruptcy is not an easy thing to handle so better seek for legal advisers who will help you all throughout.


How long will bankruptcy affect your credit?

until you can fix it Like yeah until you fix it you'll always have a black mark! It really stinks!!!

Related questions

How long does bankruptcy stay on credit record?

It depends on what type, but the typical bankruptcy will be on your record for 7 years.


How long does bankruptcy stay on your record in Ontario?

Bankruptcy stays on your record at least seven years in Ontario. Bankruptcy often stays on you record permanently, it just isn't considered after seven years.


How long does a speeding ticket stay on your driving record in the state of MI?

they say 3 years but insurance companys will always use it against you even if they say there not


When a Judge disposes of a charge against a person how long does it stay posted on your record?

How long does a false charge stay on your record?


How long does a bankruptcy show on your credit?

Bankruptcy will always be on your credit scoring record. After the bankruptcy is discharged it will have a less negative effect, and then after 6 years it is supposed to be considered done with and you get get a mortgage, loans etc. However, having a bankruptcy on your record will always have some negative effect even after the 6 years are up. Bankruptcies are maintained on a credit report for at least 10 years.


How long after chapter 7 bankruptcy can you buy a new-used car?

The day you get your discharge paper. I do caution against that because ANY bad mark after a bankruptcy is taboo and you will not be able to finance anything for a long time.


Does bankruptcy stay on your crimnal record?

Bankruptcy isn't associated with a criminal record, as it's not against the law to file bankruptcy.If, however, you're asking how long a bankruptcy will stay on your credit report and 'on your file' you should be aware it will stay on your credit report (all 3 agencies) for 10 years. Other 'negative information' can (and probably will) be listed for 7 years.For full information or any other questions, please refer to the Fair Credit Reporting Act FCRA(http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre34.shtm).Hope that helps.


How long will a shoplifting misdemeanor charge remain on your record in New Mexico?

IN THE U.S. - - Unless the record is "expunged" by legal action, offenses ALWAYS remain on your record. Exception: charges levied against a juvenile are no longer available (except to law enforcement) after they become an 'adult.'


How long does a DWI stay on your record?

Forever. After some time it may no longer affect your insurance, but it will always be on your criminal record. Always and forever.


Is collection consider as bankruptcy?

NO. You must file bankruptcy. Otherwise, collections efforts against you on bad debt may continue as long as some collector feels it is worth the small chance of payoff.


Can you get your licence at 18?

yes as long as you don't get a speeding ticket or anything else that can go against your driving record. yes as long as you don't get a speeding ticket or anything else that can go against your driving record.


How soon after chapter 7 bankruptcy can you buy a new car?

The day you get your discharge paper. I do caution against that because ANY bad mark after a bankruptcy is taboo and you will not be able to finance anything for a long time.