Legal Question in Bankruptcy in California

charpter 7

I filed a chapter 7 way back early at 2001 and that time, according to my lawyer, it should only last 7 years. I heard about the changes recently that it will take 10 years instead. My question is, will my 7 years get ''extended'' to 3 more years? By that time, whatever which year would be, will there any letter from the court to notify me about my record is ''cleared''? Thanks for your help!


Asked on 6/22/06, 11:03 am

2 Answers from Attorneys

Judith Deming Deming & Associates

Re: charpter 7

Either your attorney did not know what he was talking about, or you misunderstood. Bankruptcies have always stayed on the debtor's credit reports for TEN YEARS--this is not new. Seven years is the time that judgment liens and other derogatory items stay on one's credit. And no, no one sends you anything; the bankrutpcy was over when the discharge was entered, it is the negative credit report that stays for ten years.

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Answered on 6/22/06, 11:22 am
Mark Markus Law Office of Mark J. Markus

Re: charpter 7

Just to supplement the prior response: The laws (which were NOT bankruptcy laws) were changed several years back allowing them to report bankruptcies for 10 years on your credit report, instead of 7. I believe that changed in 1998, but I'm not 100% sure of the date. Regardless, it is 10 years now and that's all that matters to you.

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Answered on 6/22/06, 12:40 pm


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