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.
for a 10 year period
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Almost all merchants now accept credit cards. Most even post it proudly on their window which credit cards they accept so you know before entering if the one you carry will be able to be used in that store.
the difference between installment credit and open ended credit is they are the same..
What is the difference between micro credt and rural credit?
reserve bank of India
its by reserve bank of india..
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no
for a 10 year period
The company. The liability is one of the many the BK will resolve. Of course, if there was a cosigner or such on the credit line, they are involved too.
lsodjbsdc sdjc askcvehsdb dn ehed vj jkeche
Almost all merchants now accept credit cards. Most even post it proudly on their window which credit cards they accept so you know before entering if the one you carry will be able to be used in that store.
A virtual credit card is almost like a normal credit card but it used only over the internet. It is a one time use credit card, that allows you to set your own limit. It is important to contact the merchant before using the virtual credit card for purchases because not all merchants will accept them.
the difference between installment credit and open ended credit is they are the same..
What is the difference between micro credt and rural credit?
It is quite difficult to get credit after bankruptcy because after one declares bankruptcy one has to be significantly behind one ones bills to be able to do so. However after this one should be able to build their credit back up by paying things on time and not applying for loans.