Question
Is it possible to get a bankruptcy removed from my credit report?
How long will a bankruptcy be on my credit report if I file bankruptcy? I am worried about being able to take out loans for my children's education after the file.LawQA.com Answer Library
Answered By: William P. Turner Law Office, P.A.
Bankruptcy will remain on your credit report for 10 years, and cannot be removed before then. Good news is that current law bars student loan lenders from discriminating against those who have filed bankruptcy.
Answer Applies to: Kansas
Replied: 11/18/2011
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Answer Applies to: Kansas
Replied: 11/18/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: Law Office of Harry L Styron
A bankruptcy will remain on your credit report for 7-10 years. This is a matter of policy of the credit reporting agencies.
Answer Applies to: California
Replied: 11/17/2011
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Answer Applies to: California
Replied: 11/17/2011
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Answered By: Janet A. Lawson Bankruptcy Attorney
It will remain on your credit report for 10 years. That should not affect your ability to get student loans. However be very carefully with these loans. They are not dischargeable. The accrue interest and mortgage your children's future. Sadly, a college education does not guarantee you a job that will enable you pay these loans off. Working while in school is not a bad thing. I worked 40 hours a week when I was in law school (of course I was younger then). I did have the benefit of the GI bill as I served from 1973 to 1977. The idea that one can finance a 4 year education, including living expenses is just crazy.
Answer Applies to: California
Replied: 11/17/2011
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Answer Applies to: California
Replied: 11/17/2011
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Answered By: Bankruptcy Law office of Bill Rubendall
Bankruptcy stays on your credit report for a long time, 10 years. You still can get student loans since it is illegal to discriminate for those after bankruptcy pursuant to section 525 of the bankruptcy code.
Answer Applies to: California
Replied: 11/17/2011
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Answer Applies to: California
Replied: 11/17/2011
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Answered By: Heupel Law
No, you cannot remove a bankruptcy and it will be on your credit for 10 years after you file. Remember, student loans are based on financial need so a prior bankruptcy does not automatically exclude you from future student loans.
Answer Applies to: Colorado
Replied: 11/17/2011
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Answer Applies to: Colorado
Replied: 11/17/2011
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Answered By: Guardian Law Group PLLC
It will remain for 10 years unless it cannot be verified, then it must be removed. Your children should be able to get their education loans without your involvement, unless they are getting private student loans then they may need your involvement, in that case if its on your credit report it will have some effect, the extent of which may be small or large depending on how recent the bankruptcy was and your ability to rebuilt it following the bankruptcy.
Answer Applies to: Utah
Replied: 11/17/2011
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Answer Applies to: Utah
Replied: 11/17/2011
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Answered By: The Law Offices of Kristy Qiu
10 years for chapter 7, 7 years for chapter 13. It is not possible to remove the history until its due time. Federal loans (I.e.sally mae) cannot deny student loan applications because of history of bankruptcy, it is strictly prohibited by the bankruptcy code.
Answer Applies to: Florida
Replied: 11/17/2011
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Answer Applies to: Florida
Replied: 11/17/2011
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Answered By: Siegel & Siegel, P.C.
No. It is like a judgment.
Answer Applies to: New York
Replied: 11/17/2011
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Answer Applies to: New York
Replied: 11/17/2011
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Answered By: Charles R. Nettles - Attorney at Law
A bankruptcy remains on your credit report for 10 years. That is by law. Student loans are almost never a problem after a bankruptcy. I don't know of any of my clients who had difficulty after 20 years of giving the same advice.
Answer Applies to: Texas
Replied: 11/17/2011
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Answer Applies to: Texas
Replied: 11/17/2011
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Answered By: The Law Office of Darren Aronow, PC
A bankruptcy will be on your credit for 10 years. You generally can not remove it since the credit reporting agencies are just reporting your credit history, not creating it. As far as signing for student loans, most government backed school loans will not care about your bankruptcy since student loans are not dischargeable and since you can not file another chapter 7 bankruptcy for 8 years from your discharge date.
Answer Applies to: New York
Replied: 11/17/2011
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Answer Applies to: New York
Replied: 11/17/2011
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Answered By: Law Office of Lynnmarie A. Johnson
No, you cannot get a bankruptcy removed from your credit report and it can stay on there for up to 10 years.
Answer Applies to: Michigan
Replied: 11/17/2011
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Answer Applies to: Michigan
Replied: 11/17/2011
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Answered By: The Schreiber Law Firm
It stays on your credit report as a public record for 10 years. The only legal way to have it removed is if it is wrong - that is, you never filed bankruptcy.
Answer Applies to: California
Replied: 11/17/2011
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Answer Applies to: California
Replied: 11/17/2011
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Answered By: Carballo Law Offices
The law does not allow you to be denied student loans solely because of having filed for bankruptcy. The bankruptcy will remain in your credit report for 10 years if a Chapter 7 and for 7 years if a Chapter 13.
Answer Applies to: California
Replied: 11/16/2011
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Answer Applies to: California
Replied: 11/16/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: Lewis Adams and Associates
A chapter 7 bankruptcy can remain on your credit report for 10 years, a chapter 13 for 7 years. Usually education loans do not require good credit since they are non-dischargeable.
Answer Applies to: Utah
Replied: 11/16/2011
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Answer Applies to: Utah
Replied: 11/16/2011
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Answered By: Weber Law Firm, P.C.
No. Not until 10 years after the last information related to the case is reported.
Answer Applies to: Texas
Replied: 11/16/2011
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Answer Applies to: Texas
Replied: 11/16/2011
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Answered By: Ashman Law Office
As I am sure your lawyer told you (and you should have had one), it stays on your credit report for 10 years.
Answer Applies to: Georgia
Replied: 11/16/2011
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Answer Applies to: Georgia
Replied: 11/16/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: Harkess and Salter, LLC
Bankruptcy will show up on your credit for up to 10 years. Like everything else on your credit report - good and bad - the older it is the less effect it will have on your credit score and ability to borrow. A bankruptcy last year will have much more impact on your credit than a bankruptcy filed four years ago.
Answer Applies to: Colorado
Replied: 11/16/2011
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Answer Applies to: Colorado
Replied: 11/16/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: A Fresh Start
A bankruptcy will show on your credit report upwards of 7 years or so but you can write to each credit bureau to have it removed after that time.
Answer Applies to: Illinois
Replied: 11/16/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: Illinois
Replied: 11/16/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: Grace Law Offices of John F Geraghty Jr.
It would be 2-5 years depending on how well you build your good credit.
Answer Applies to: Georgia
Replied: 11/16/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: Georgia
Replied: 11/16/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: Law Offices of Robert P. Taylor
A Chapter 7 will be reported for 10 years. However, it is possible to rebuild credit within a couple of years and the bankruptcy itself shouldn't preclude you from getting a loan. That said, I hope you don't go to into debt for your kids student loans. Do whatever you can to pay cash, because those loans never go away.
Answer Applies to: California
Replied: 11/16/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: California
Replied: 11/16/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: Charles Schneider, P.C.
No it is authorized to remain there for 10 yrs.
Answer Applies to: Michigan
Replied: 11/16/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: Michigan
Replied: 11/16/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: Judith A. Runyon, Esq. Attorney at Law
It stays on your credit report for ten years.
Answer Applies to: California
Replied: 11/16/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: California
Replied: 11/16/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: Law Offices of James Wingfield
If you file a bankruptcy you get the benefit of a discharge of your debt. However, the fact that you have filed is relevant to your credit worthiness. Accordingly, the fact that you have filed a bankruptcy will remain on your credit reports for up to 10 years after you file. There is no way to force the reporting agencies to remove a legitimate bankruptcy filing from your credit report. With that said, you should understand that that mark on your credit report is only one factor in determining your credit worthiness. Other factors include debt to income ratio, which for most debtors is far better post-bankruptcy discharge, than it is prior to filing.
Answer Applies to: Massachusetts
Replied: 11/16/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: Massachusetts
Replied: 11/16/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: Dan Wilson Bankruptcy
Ten years but BK statutes prohibit discrimination based on BK filing regarding student loans.
Answer Applies to: Colorado
Replied: 11/16/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: Colorado
Replied: 11/16/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: Moore Taylor & Thomas PA
It would be 10 years. I wouldn't expect it to be a problem.
Answer Applies to: South Carolina
Replied: 11/16/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: South Carolina
Replied: 11/16/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
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