Independence Bankruptcy Attorney

Bankruptcy will remain on your credit report for 10 years, and cannot be removed before then. Good news is that current law bars student loan lenders from discriminating against those who have filed bankruptcy.

A bankruptcy will remain on your credit report for 7-10 years. This is a matter of policy of the credit reporting agencies.

It will remain on your credit report for 10 years. That should not affect your ability to get student loans. However be very carefully with these loans. They are not dischargeable. The accrue interest and mortgage your children's future. Sadly, a college education does not guarantee you a job that will enable you pay these loans off. Working while in school is not a bad thing. I worked 40 hours a week when I was in law school (of course I was younger then). I did have the benefit of the GI bill as I served from 1973 to 1977. The idea that one can finance a 4 year education, including living expenses is just crazy.

Bankruptcy stays on your credit report for a long time, 10 years. You still can get student loans since it is illegal to discriminate for those after bankruptcy pursuant to section 525 of the bankruptcy code.

No, you cannot remove a bankruptcy and it will be on your credit for 10 years after you file. Remember, student loans are based on financial need so a prior bankruptcy does not automatically exclude you from future student loans.

It will remain for 10 years unless it cannot be verified, then it must be removed. Your children should be able to get their education loans without your involvement, unless they are getting private student loans then they may need your involvement, in that case if its on your credit report it will have some effect, the extent of which may be small or large depending on how recent the bankruptcy was and your ability to rebuilt it following the bankruptcy.

10 years for chapter 7, 7 years for chapter 13. It is not possible to remove the history until its due time. Federal loans (I.e.sally mae) cannot deny student loan applications because of history of bankruptcy, it is strictly prohibited by the bankruptcy code.

No. It is like a judgment.

A bankruptcy remains on your credit report for 10 years. That is by law. Student loans are almost never a problem after a bankruptcy. I don't know of any of my clients who had difficulty after 20 years of giving the same advice.

A bankruptcy will be on your credit for 10 years. You generally can not remove it since the credit reporting agencies are just reporting your credit history, not creating it. As far as signing for student loans, most government backed school loans will not care about your bankruptcy since student loans are not dischargeable and since you can not file another chapter 7 bankruptcy for 8 years from your discharge date.

No, you cannot get a bankruptcy removed from your credit report and it can stay on there for up to 10 years.

It stays on your credit report as a public record for 10 years. The only legal way to have it removed is if it is wrong - that is, you never filed bankruptcy.

The law does not allow you to be denied student loans solely because of having filed for bankruptcy. The bankruptcy will remain in your credit report for 10 years if a Chapter 7 and for 7 years if a Chapter 13.

A chapter 7 bankruptcy can remain on your credit report for 10 years, a chapter 13 for 7 years. Usually education loans do not require good credit since they are non-dischargeable.

No. Not until 10 years after the last information related to the case is reported.

As I am sure your lawyer told you (and you should have had one), it stays on your credit report for 10 years.

Bankruptcy will show up on your credit for up to 10 years. Like everything else on your credit report - good and bad - the older it is the less effect it will have on your credit score and ability to borrow. A bankruptcy last year will have much more impact on your credit than a bankruptcy filed four years ago.

A bankruptcy will show on your credit report upwards of 7 years or so but you can write to each credit bureau to have it removed after that time.

It would be 2-5 years depending on how well you build your good credit.

A Chapter 7 will be reported for 10 years. However, it is possible to rebuild credit within a couple of years and the bankruptcy itself shouldn't preclude you from getting a loan. That said, I hope you don't go to into debt for your kids student loans. Do whatever you can to pay cash, because those loans never go away.

No it is authorized to remain there for 10 yrs.

It stays on your credit report for ten years.

If you file a bankruptcy you get the benefit of a discharge of your debt. However, the fact that you have filed is relevant to your credit worthiness. Accordingly, the fact that you have filed a bankruptcy will remain on your credit reports for up to 10 years after you file. There is no way to force the reporting agencies to remove a legitimate bankruptcy filing from your credit report. With that said, you should understand that that mark on your credit report is only one factor in determining your credit worthiness. Other factors include debt to income ratio, which for most debtors is far better post-bankruptcy discharge, than it is prior to filing.

Ten years but BK statutes prohibit discrimination based on BK filing regarding student loans.

It would be 10 years. I wouldn't expect it to be a problem.