Legal Question in Bankruptcy in California

Change in Bankruptcy Law

I filed for Chapter 7 back in 1993 and at the time the law was such that the bankrupcty would come off of my credit report in 7 years. Back a few years ago, just when my BK was just about ready to come off my credit report, they changed the law to 10 years. Do I have any legal rights to have my BK removed since I had filed before the new law took affect? This doesn't seem fair and not what I signed up for if you know what I mean. I am trying desperately to clear up my credit and 3 extra years with a BK doesn't help.

Thanks for your help.


Asked on 7/10/01, 11:52 pm

2 Answers from Attorneys
Mark Markus Law Office of Mark J. Markus

Re: Change in Bankruptcy Law

No, the current law is 10 years and it is not a change in bankruptcy law, it's a change in federal reporting laws.

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Answered on 7/11/01, 12:35 pm
Judith Deming Deming & Associates

Re: Change in Bankruptcy Law

The law did not change. For as long as I can recall ( at least since the early 1980's) bankruptcies have been subject to report on a debtor's credit for ten (10) years. Perhaps you are thinking of judgments, and not bankruptcies; judgments remain on your credit for seven (7) years, bankruptcies for ten (10) years.

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Answered on 7/11/01, 1:29 pm


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