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As far as I know, nothing affects a Chapter 7 bankruptcy's removal from a credit report after 10 years from the date on which the bankruptcy was filed: once 10 years elapse from the filing date, the Chapter 7 should be removed from the report. 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.

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When does the 7-year removal from your credit apply?

7 years from discharge (not filing, but actual date of discharge) of a Chapter 7. Don't know about a 13.


If you filed bankruptcy in 1997 in NC do you fall under the 10 or 7 year rule for removal on credit report?

I believe it doesn't matter what state you filed, bankruptcy is a federal matter. It will stay 10 years on credit reports!


If it has been 10 years since your bankruptcy how do you get it removed from your credit?

Write a letter of dispute to any credit bureau displaying a bankruptcy past the legal reporting period. Request its' removal per the Fair Credit Reporting Act.


Does bankruptcy remove an eviction?

if its related to the bankruptyc, you can include it. and the creditors will have to remove it or flag it for removal in 7/8 yrs because an eviction is related to owing money or a summons, and a bankruptyc filing will/can squash those writs of order to pay. You have to manually add that into your list of creditors when filing for the bankruptcy.


After bankruptcy no longer is on your credit report after 10 years does your credit score immediately improve?

If by then, the consumer has establised a good payment history it may. Bankruptcy is forever. Regardless of the removal from a CR, there will always be record of it, and it can continue to cause a consumer financial problems. The previous answer is actually quite misleading. In terms of credit and credit reporting, the bankruptcy coming off will immediately improve your score, usually in the neighborhood of 75-150 points. Of course a lot entails what you did with your credit since the bankruptcy was discharged. As far as "bankruptcy being forever," yes, there is a public record out there. And yes, it could hurt you in terms of gaining employment at a high salary or taking out a high-end mortgage on a house. In terms of car loans, credit cards, low-end house mortgages, etc., the bankruptcy will have absolutely no bearing on your situation. Good luck.

Related Questions

Can I remove bankruptcies from my credit report?

Not really. Chapter 13 bankruptcy stays on the credit report for seven (7) years (can be ten, but usually seven) and Chapter 7 bankruptcy stays on the credit report for ten (10) years. Once the term is over, you may dispute the bankruptcy with the credit bureau, however, there are no ways to remove the bankruptcy until the term is complete.


What kind of companies offer asbestos removal?

Many companies offer asbestos removal your area. Some of these companies can be found at asbestos.com. Also you can find these companies on yellowpages.com.


What is removal?

Removal means reallocation of a house or a business.It actually means to satisfy customer by making their removal stress free. Many Removal companies provide free removal Advices and removal Quotes to satisfy there customers. These companies help in making Removal Made Easy for their customer.


where to hire stone removal companies?

Stone removal companies depend on your location. I suggest checking out servicemagic.com , a rock removal company, or http://www.manta.com/mb_35_E02750B7_000/rock_removal depending on your location.


When does the 7-year removal from your credit apply?

7 years from discharge (not filing, but actual date of discharge) of a Chapter 7. Don't know about a 13.


Where can one find removal companies overseas?

Removal companies can be found on International Removals website. It will give you a list of the International movers, and you will also be able to compare prices.


What companies provide tree removal services in Alberta?

Alberta Arborists or Edmonton Tree removal are the top two companies that provide services to Alberta. They provide all types of services, from pruning to tree removal and stump grinding.


Where can one find rates on international removal companies?

To find rates on international removal companies, one should try to get referrals from others, maybe a travel agent. Once one has the names of companies, he or she should call the companies and find the best rates.


What companies specialize in cellulite removal and liposuction treatments?

Some companies which specialize in cellulite removal and liposuction treatments are Beverly Hills Aesthetics, Molipoex, and Alexandria Body Sculpting.


How can you find more information about asbestos removal companies?

One can check The Blue Book for more information about asbestos removal companies. Also, Angie's List is a great place to find reviews on these companies to find more information.


Should you agree to an automatic stay removal as a debtor?

Almost never....and if you don't understand why...get a lawyer for your bankruptcy...heck your creditors have!


What are some companies that deal in junk removal?

Companies that deal in junk removal tend to be independent companies and pretty specific to individual locations. Junk Platoon USA is located in the Chicago area. ALPCO Recycling, Inc is located in New York.