answersLogoWhite

0


Best Answer

Its permanent its just that after 3 you can apply for an early release and after 7 you are automatically released.

User Avatar

Wiki User

โˆ™ 2006-04-14 05:24:07
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
User Avatar

Add your answer:

Earn +20 pts
Q: Why is the bankruptcy still on your credit after 10 years?
Write your answer...
Submit
Related questions

How long does a bankruptcy stay on your credit report in tx?

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.


After seven years when debts from a bankruptcy are removed from the credit portion of your credit report will the bankruptcy still reported in the public record portion affect your credit status?

bankrupcires stay on for 10 yrs. But when you gfinalize the bankruptcy the debts are automatically removed anyways.


How long does a bankruptcy stay on a credit report?

Ten years from the date of discharge.


In Maryland how long does a bankruptcy stay on your credit report?

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.


How does your credit score rank if you declared bankruptcy four years ago?

Anytime a bankruptcy shows up on a credit report, the credit score associated with such a credit report will be ranked as fair or poor. Four years is still considered "recent" concerning bankruptcy, so poor is the best that one can hope for. Bankruptcies stay on the credit report for ten (10) years.


Can you remove a bankruptcy dismissal from your credit?

No. Backruptcy will always appear on your credit. After 7-10 years your credit will be as good as someone who has not filed bankruptcy.


How long does a bankruptcy show on your credit?

10 years at least.


How long does a bankruptcy remain on your credit?

10 Years at least


How long is bankruptcy on credit report in Ohio?

10 years


How long does a business bankruptcy stay on credit report?

A business bankruptcy is visible on a business credit report for approximately 10 years.


How long does bankruptcy stay on your credit in NC?

It stays on your credit report for 10 years in every state. Bankruptcy is a federal procedure.


A bankruptcy can not be wiped off your credit report until after 10 years but if the accounts on your credit report which were discharged in the bankruptcy can these be taken off?

The debts which were wiped out in bankruptcy still stay on your credit report, but they should be listed as "Discharged in bankruptcy." They will still stay on your credit for 7 years (they don't get extended to 10 years like the Chapter 7 just because they were discharged in bankruptcy). 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.


Will an eviction still show up on your credit report after a bankruptcy?

Why not? All debts are discharged, but any other actions, such as evictions, are not affected. And the fact of being discharged in bankruptcy can stay on your credit report for 10 years.


You filed chapter 7 bankruptcy 3012002 it still remains on your credit report can you have this removed because it has been seven years?

No....10 years from discharge


Is chapter 7 bankruptcy clear 10 years from court announcement or hearing date?

Chapter 7 Bankruptcy will be removed from a credit report 10 years after the date the Bankruptcy was FILED.


How does bankruptcy effect your credit score?

First off once you file bankruptcy you cannot do it again for 7 years. Bankruptcy stays on your credit report for 10 years. Rather to try to describe what the different types of bankruptcy will do to your credit click the link for more information.


How long does chapter 13 bankruptcy stay on credit report?

Bankruptcy filings typically stay on a debtor's credit report for 10 years.


Does a timeshare foreclosure hurt your credit after a bankruptcy has been discharged?

Any foreclosure or bankruptcy affects your credit. And for anywhere from 7 -10 years.


How long is a chapter 13 bankruptcy on your credit?

10 years from discharge


Can you get a bankruptcy removed from your credit file if the full amount owed was not correctly reported in dollars and cents?

A bankruptcy is "on" your credit report the instant you file it and will not be removed for 7-10 years. Its a public record. If you dismiss the bankruptcy the day after filing, it will still show up.


Would filing chapter 7 bankruptcy clear foreclosure from your credit report?

No, in fact it will leave a Bankruptcy record on your credit report for 10 years.


How long does it take after a bankruptcy is discharged to show on your credit report?

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.


How long does a bankruptsy stay on your credit?

A Chapter 7 bankruptcy will remain on your credit history for 10 years.


In state chapter 7 bankruptcy remain on your credit?

A BK stays on your credit record for 10 years.


How many years does a chapter 7 bankruptcy stay on a credit report?

Usually 10 years.