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No they cannot add late fees once the Chapter 13 is filed. I don't know what you mean about "adding charge offs." Yes, they can charge off the debt on their taxes if they want, but they cannot continue to show the debt as delinquent on a monthly basis on your credit report. Hopefully that answers your question. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts and law, which I do not warrant, and I am not suggesting any course of action or inaction to any person. Speak to a lawyer for specific advice. If you have any questions, please refer to a lawyer in your jurisdiction. Thanks!
What else can I help you with?
Do creditors list a charge-off on credit reports as of the bankruptcy filing date or as of the discharge date?
Creditors list the charge off date as the date the bankrupcty was filed
How long does a chapter 13 converted chapter 7 stay on credit report?
Ten years from the date of original filing.
If you filed a Chapter 13 in 1998 and converted to a Chapter 7 in 1999 in what year are you eligible to refile a Chapter 7?
6 Years from the date of filing of the Chapter 13. (Only because it was converted).
If you are at the 7th year after filing a Chapter 7 or Chapter 13 would the credit agencies automatically take it off your credit report?
er,um, Sort of... The legal action of a Chapter 7 bankruptcy can show on your credit report for 10 years from its' date of discharge. Chapter 13 can also show for 10 years, but it is customary for those to be shielded from view after 7. Once again, the time period runs from the date of discharge, not the filing date. I disagree with The Credit Lady on one point: The 10 years (or 7 years in the case of Chapter 13) begins to run from the Order for Relief. The Order for Relief is immediately granted when a debtor files bankruptcy (i.e. the debtor is immediately protected from creditors), so the 10 years (or 7 years) begins to run from the filing date, not the discharge date. 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.
Can bankruptcy be taken off your credit report if the bankruptcy was dismissed through the courts?
Bankruptcies are a matter of public record and this is why they appear in credit histories. A Chapter 13 listing will remain on your credit report for seven years from the filing date and a Chapter 7 will remain on the credit report for 10 years from the filing date. The credit report entry will state the bankruptcy was filed and dismissed, not discharged.
Do creditors list a charge-off on credit reports as of the bankruptcy filing date or as of the discharge date?
Creditors list the charge off date as the date the bankrupcty was filed
When can you file chapter 13 after filing chapter 13in the past?
You can file a another 13 after 2 years have passed from the previous 13 filing date.
How long does a chapter 13 converted chapter 7 stay on credit report?
Ten years from the date of original filing.
If you filed a Chapter 13 in 1998 and converted to a Chapter 7 in 1999 in what year are you eligible to refile a Chapter 7?
6 Years from the date of filing of the Chapter 13. (Only because it was converted).
When can you file a chapter 7 bankruptcy if you had a chapter 7 discharged in December 2001?
The bankruptcy petitioner can file another chapter 7 8 years after the date of filing of a previous chapter 7.
When can you file a chapter 7 bankruptcy again if you filed a chapter 7 in 2003?
For another Chapter 7... 6 years from the date of filing. The date of discharge does not matter. If you want to file a Chapter 13, you can do that immediately after the 7 discharge.
If you are at the 7th year after filing a Chapter 7 or Chapter 13 would the credit agencies automatically take it off your credit report?
er,um, Sort of... The legal action of a Chapter 7 bankruptcy can show on your credit report for 10 years from its' date of discharge. Chapter 13 can also show for 10 years, but it is customary for those to be shielded from view after 7. Once again, the time period runs from the date of discharge, not the filing date. I disagree with The Credit Lady on one point: The 10 years (or 7 years in the case of Chapter 13) begins to run from the Order for Relief. The Order for Relief is immediately granted when a debtor files bankruptcy (i.e. the debtor is immediately protected from creditors), so the 10 years (or 7 years) begins to run from the filing date, not the discharge date. 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.
You have a chapter 7 discharged in 2006 now you are filing taxes for your return from 06 can they take it after you have been discharged?
Probably not. They are likely all post petition (meaning after your filing date - they don't have to be before the discharge date) items anyway.
Can bankruptcy be taken off your credit report if the bankruptcy was dismissed through the courts?
Bankruptcies are a matter of public record and this is why they appear in credit histories. A Chapter 13 listing will remain on your credit report for seven years from the filing date and a Chapter 7 will remain on the credit report for 10 years from the filing date. The credit report entry will state the bankruptcy was filed and dismissed, not discharged.
Can you file tax debt on a chapter 7 bankruptcy State and federal?
No on state taxes, yes on federal income taxes if the filing date or the date on which the IRS determined the tax due is more than 3 years prior to filing.
What tax returns do you need for filing chapter 7?
You need year-to-date income and the past two years' tax returns.
How long does a chapter 13 conversion to a chapter 7 stay on your credit report in Wisconsin?
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.
