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Posted in Bankruptcy
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Question By
Dyerwolf

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0 People Helped
how long before a bankruptcy is removed from my credit report?

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Helpful to 43 out of 46 people

I Filed in Jan 2007, it just came off this month.  So the 10 year mark is correct....my score went up too!

Reply by
Kimber727

1 Contribution
47 People Helped
Helpful to 47 out of 60 people

Was that date your filed date or your discharge date? I filed in May 2007 and discharged Oct 2007. When should it fall off?

Reply by
unfair7964

2 Contributions
19 People Helped
Helpful to 19 out of 23 people

I spoke to a lawer and he said," that it should only be 6 years to be left on your credit report. I mention 7 years and he said, no, as far as he know 6 years ever since he has been a lawyer it has always been 6 years, but the credit people keep it on there for 7 and you should get it removed by law. They have to remove it by law." 

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7368 Contributions
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Helpful to 14 out of 16 people

TEN YEARS

Reply by
poopypants5

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22 People Helped
Helpful to 22 out of 28 people

My attorney told me it was 7 years depending how you handle your debts in that time frame..... This is the first time I have been in this type of situation with no way out other than bankruptcy....the worst time in my fianancial history!

Reply by
heartnbutterfly

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17 People Helped
Helpful to 17 out of 18 people

I think it depends on when you filed. I filed for a Ch 7 after my divorce about 10 or 11 years ago. At that time I was told it would be removed in 7 years. About 5 years ago my husband & I had to file for a Ch 13 together, & we were told the laws had changed, & now it's 10 years before it drops off. We are about to get our discharge of debt in about a week!!! I'm curious to see what the other answers are. 

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Reply by
Random789644

213 Contributions
95 People Helped
Helpful to 13 out of 14 people

Not quite 10 years... if it's Chapter 7, it's ten years from being granted. If it's Chapter 13, it's only seven years from filing date.

4 Contributions
20 People Helped

Helpful to 9 out of 9 people

Filed 2009 removed in 7yrs credit score  780         Sept 20 2016          

1 Contribution
10 People Helped

BANKRUPTCY

Helpful to 10 out of 12 people

What if bankruptcy was dismissed and NEVER ACTIVE .

Reply by
caruso56

2 Contributions
10 People Helped
Helpful to 8 out of 15 people

If you filed bankruptcy with the court it seems that could get complicated.

If you didn't make any payments to the firm or the trustee I would thibnk it's a wash.

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Reply by
Random789644

213 Contributions
95 People Helped
Helpful to 5 out of 13 people

If it's been dismissed, you're still on the hook for the debts (or if Chapter 13, go back on the hook for all the original debts). Good luck with that.

1 Contribution
6 People Helped

Helpful to 6 out of 6 people

10 years

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Reply by
Random789644

213 Contributions
95 People Helped
Helpful to 3 out of 3 people

Only for Chapter 7 bankruptcy. Chapter 13 only stays on for seven years.

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7 People Helped

bankruptcy

Helpful to 7 out of 10 people

how long is it before it is removed from my account

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Reply by
Random789644

213 Contributions
95 People Helped
Helpful to 15 out of 15 people

I actually went and looked it up - depends on which type of bankruptcy you got. For Chapter 13, it's seven years (since you partially repaid debts). For Chapter 7, it's ten years from date granted (since you didn't repay anything).

1 Contribution
5 People Helped

Bankruptcy

Helpful to 5 out of 6 people

I file bankruptcy and 1987 and it's deal on my report

Reply by
rlcctc61

1 Contribution
11 People Helped
Helpful to 11 out of 12 people

You need to contact the credit bureau that it is still reporting it. Ask them what you need to do to get it removed.

Reply by
Tigger19631961

1 Contribution
15 People Helped
Helpful to 15 out of 16 people

The reply was correct... That should be off your record for all three credit bureaus.  You can easily get do this by filing a dispute through annualcreditreport.com.  They will file to all three agencies for you and you will receive the outcome and a copy of you reports by mail.  It's pretty easy.

Reply by
1badvette

4 Contributions
20 People Helped
Helpful to 5 out of 5 people

dispute to credit company they will remove 10yrs is the limit but in some case such as mine 7yrs it gone

1 Contribution
3 People Helped

How to submit to the reporting bureaus

Helpful to 3 out of 3 people

It will be great it Credit Karma made it easier to contact the reporting bureaus.  I have a mark on my report that should not be there, but I have no idea how to do anything about it. 

2 Contributions
4 People Helped

bankrupsy

Helpful to 3 out of 3 people

When will my bankrupsy drop off my Credit report?  I declared chap 13 in 2012.

2 Contributions
3 People Helped

why does banckrucy take a longer time fo

Helpful to 3 out of 3 people

why does bankrucy takes longer for some than others . I know people that it only took 7years and there are those that take a little longer

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Reply by
faidros

935 Contributions
132 People Helped
Helpful to 8 out of 11 people

Chapter 7 is full bankruptcy where you use your assets to pay off debts, if you have no assets then all debts are written off and you do not owe anyone that was listed on the bankruptcy.  This will remain on your record for 10 years.   Chapter 7 is where you make a payment schedule to pay off the debts.   This remains on your record for 7 years.  In addition to the bankruptcy, your credit report will reflect those accounts which went into collection and had late payment indications.  

Reply by
1badvette

4 Contributions
20 People Helped
Helpful to 6 out of 7 people

Mine was removed in 7yrs because if in my case a homeowner meaning my home was protected by the bankrupcty i still made payments to the mortgage company separated  from the bankrupcty

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