Legal Question in Bankruptcy in California

Re: Chapter 7...Removable after 7 or 10 years

It's always been on the credit report for 10 years. It's not a law -- just an industry practice. What did change is the time between bankruptcies. It used to be 6 years. Now it's 8.

Re: Chapter 7...Removable after 7 or 10 years

Yes, the 10 year law applies to you. No, it has nothing to do with the change in the bankruptcy laws. It's not a bankruptcy law at all. It's a law signed by President Clinton prior to 2000.

Re: Chapter 7...Removable after 7 or 10 years

The bankruptcy itself will remain on your credit report for 10 years. The negative items showing the discharge of obligation for each creditor only stay on for 7 years. That has always been the case, or at least for the past 15 years that I have been practising law.

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Re: Chapter 7...Removable after 7 or 10 years

The law was 10 years back in 2001 and is the same today. The bankruptcy reform laws from 2005 had no impact on how long a BK remains on you credit report.