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It will be on your credit report for at least 10 years. some lenders or employers ask for more history. There is nothing barring someone from considering it ever. But generally, it's your more recent history that carries the most weight.
Wiki User
∙ 16y ago
Wiki User
∙ 16y agoTechnically, like any major life event, bankruptcy affects an individual for the rest of their life.
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If you are applying for a job as a sheriff officer will a bankruptcy be held against you?
Only the employing agency can answer this question for you, but probably not, especially if you discharged the bankruptcy according to the bankruptcy referee's instructions.
Bankruptcy if married can one spouse file bankruptcy independently from the other Is the one spouse then held responsible for the first spouse's debts if bankruptcy Is filed?
One spouse can file bankruptcy separately and both are held responsible.
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.
Are tax debt settlements held against you like a bankruptcy is?
While it does impact you while it is ongoing, as soon as you start to clear your debt settlements, your credit score will start to go back up. There is not a delay of years like there is for bankruptcy.
Is property held in an irrevocable trust protected in bankruptcy?
Can you protect your assets from bankruptcy by placing them in an irrevocable trust?
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.
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.
How long can a charge off stay against you?
Most negative information on your credit history will drop off after 7 years, but a bankruptcy can stay on as long as 10 years.
How can you claim bankruptcy to avoid paying bills?
In order to claim bankruptcy a court has to issue a bankruptcy order against you. The best place to find information about bankruptcy and the whole process of declaring bankruptcy is the official government website.
What happens when a judgment is against us while in the process of claiming bankruptcy?
If you are filing bankruptcy, you should have a bankruptcy lawyer onboard, and this is a question for him or her to deal with. You do not want to go through a bankruptcy on your own, especially as the bankruptcy rules have changed.
Are accounts after bankruptcy included in bankruptcy?
Any debt that you accumulate before your bankruptcy filing and have listed on your petition will be eliminated when you receive your discharge as long as your creditors do not file an injunction against you. After you receive your discharge you are welcome and able to open new credit accounts but any debt you accumulate will not be considered a part of the bankruptcy you filed before opening the account.
How long bankruptcy after discharged records stays?
1st bankruptcy = 7 years 2nd bankruptcy = 20 years 3rd bankruptcy = life
