Legal Question in Bankruptcy in District of Columbia
Grandfathered credit reporting limit
My bankruptcy was discharged in 1994 prior to the change in the Bankruptcy laws. Does my bankruptcy still remain on my credit report for 10 years or is it only subject to the 7 years limit that was applicable when I filed and it was discharged?
1 Answer from Attorneys
Re: Grandfathered credit reporting limit
I am afraid you may be talking about two separate and distinct issues. How long you have to wait before you can file a subsequent petition, and how long your credit report can reflect your record. You can file again in a ch. 7, as long as you have not been in b/r during the past 6yrs. Credit reporting companies keep their records for 10years. But those records show everything about your credit. In any event, there is a standard question in most confidential applications for employment or credit that always asks,Have you ever....? So it really doesn't matter what your credit report says.
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