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Your Credit Report After Bankruptcy
Adverse information does not automatically remove itself from a credit report after bankruptcy filing.
Will an open bankruptcy (Chapter 7) show on your credit report?
Between the dated you file for Chapter 7 bankruptcy until the time your debt(s) is/are discharged, does your credit report change at all?
I know the credit report will change once your debt(s) has/have been discharged, but what about those
~~No the BK will not show up until your debts are discharged. However, assuming you are not making payments on your debts, the overdue payments and collections all will show. So while it will not show BK, it will show you are in big trouble. Either way,
For 10 years.
~~No the BK will not show up until your debts are discharged. However, assuming you are not making payments on your debts, the dilatory payments and collections all will show. So while it will not show BK, it will show you are in big trouble. Either way,
How long does a chapter 7 bankruptcy stay on your credit report?
I filed for bankruptcy at the end of 2001 and it was charged off in 2002. I cogitation that bankrupycies last on your credit for 7 years and now I've heard 10. Does anyone know the true answer and how I go about verifying that?
10 years for a Chapter 7 bankruptcy
a chapter 13 bankruptcy stays for 7 years. it's shorter because you are in point of fact repaying your debt rathering than eliminating it all together.
http://wiki.answers.com/Q/How_long_does_
Do you owe money to a hospital money if they file for Chapter 7 Bankruptcy? Will it stay on your credit report?
I owe monied to a hospital that recently filed for Chapter 7 bankruptcy. Will my debt with them taken off my credit report? Or does it stay?
Same goes for a bank. If they go into Chapter 11 or Chapter 7?
Your encumbered would be their account receivable which is an asset. When businesses go bankrupt, the assets are sold off. Just because the responsibility goes bankrupt, that doesn't give you a free pass.
The debt will stay on your credit