Ask Experts Questions for FREE Help !
Ask
    sandman169's Avatar
    sandman169 Posts: 6, Reputation: 1
    New Member
    		  
    #1

    Jan 14, 2010, 06:42 PM
    When does bankruptcy go off your credit report?
    Hi... I was wondering if there were any legal experts here? I have tried to get advice but it looks like I get 50/50 when I contact different lawyers. Anyway, I was discharged from Ch. 7 bankruptcy back in March of 2003. I was just wondering when it comes off your credit report. I thought it was 7 years but then I heard from a lawyer it was 10 but he confused me because he said the laws changed in 2005 to make it 10 yrs before bankruptcy came off my credit report. If it was 2005, aren't I grandfathered in under old law since I was discharged in 2003? Please help, thank you.
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
    		  
    #2

    Jan 14, 2010, 06:52 PM

    Hello sand:

    Your lawyer is wrong. Judgments stay on there for 10 years. Everything else comes off after 7.

    excon
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Bankruptcy removal from credit report [ 5 Answers ]

Hi, I already know that my bankruptcy was discharged back in Feb 2000. I need to know if this can be removed off my credit reports since it has been over 8 years?

Bankruptcy and corrections on credit report [ 2 Answers ]

I am in Canada so hopefully someone can help. I went bankrupt and my trustee told me to check my credit report. I did. There is an item shown has being written off in bankruptcy which it wasn't. This item was paid in full before bankruptcy. I even gave Equifax a copy of the paid bill with the...

Bankruptcy off your credit report [ 2 Answers ]

This is a wonderful site. I was reading another persons question regarding removing bankruptcy off your record takes about ten years. I am curious if bankruptcy is taken off your record after ten years are you obligated to report that you have had a bankruptcy after it is taken out your record? I...

Credit Report after bankruptcy [ 5 Answers ]

I had to file bankruptcy because of a sick house (mold infested) that almost killed my daughter and I. I have and had an excellent income, was never late on anything, but could not afford to fix the home and pay rent for another place to live. Insurance would not fix anything and the cost was...

View more questions Search