Legal Question in Bankruptcy in California
Bankruptcy on record time-line
I filed a chapter 7 in 8/88 with my ex-husband. We were told it would be on our record for 7 years, were we told wrong? I'm divorced now and trying to buy a home and the bankruptcy is still on my credit report. Did I miss something?
Thanks for your help.
3 Answers from Attorneys
Bankruptcy on record
The current law provides that credit reporting agencies can report a bankruptcy for 10 years after the date it was filed.
Bankruptcy Record
Apparently so. The language used to convey this information should be "up to ten years", as this is the length of time currently allowed by law.
Bankruptcy on credit report
The rule is 10 years for a bankruptcy.
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