bankruptcy discharge law?

how long does a bankruptcy discharge stays on your credit report. i thought once it’s been discharge that it will be wiped from your credit report. can someone answer this

This entry was posted on Thursday, May 21st, 2009 at 9:35 pm and is filed under Bankruptcy Law. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

5 Responses to “bankruptcy discharge law?”

1. pnk517 Says:
   May 23rd, 2009 at 9:33 am

   It will stay on your report for up to 10 years. After 7 years, you can refile.

2. spifiman1 Says:
   May 23rd, 2009 at 2:04 pm

   Once your BK is discharged, it will remain on your credit bureau for 10-years. All account included in the BK will still show on your bureau, but will be labeled “Included in bankruptcy”.

   If you reaffirmed on any of your accounts? You will need to call them and request that they continue to report to the bureaus. That is if you want them to. I found this out after my BK. I reaffirmed on a Ford account and they did not report until I called them and requested that they do so.

3. Tinka Says:
   May 26th, 2009 at 3:41 pm

   7 years.. it should drop off after the 7th year..

4. URADA Says:
   May 29th, 2009 at 9:17 pm

   10 years. U can file the same type of banko after 7 years. So rack up the cards and hit ‘em with a 13 after like a year.
   SW

5. DLeibowitz Says:
   May 31st, 2009 at 3:05 pm

   10 years now that discharges in chapter 7 are allowed only once every 8 years.

   Chapter 13 with a discharge requires a 4 year wait – otherwise it requires a 2 year wait.