Will it always show "BK" on your credit report once you have filed Chapter 13 or Chapter 7? If so, how can one repair their credit?
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A successfully completed Ch 13 bankruptcy remains on your credit report for seven years after filing, Ch 7 and unsuccessful Ch 13 bankruptcies for ten years. *Accurate* negative informaton on your credit reports can't be changed. However, bankruptcy will disappear from your credit reports after the appropriate number of years has passed.
Check the Repair Credit folder here for some great ideas of how to repair your credit and increase your FICO scores while BK is still showing on your credit reports. Good luck!I am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.
06/01/06 - Filed Ch 13
06/28/06 - 341 Meeting
07/18/06 - Confirmation Hearing - not confirmed, 3 objections
10/05/06 - Hearing to resolve 2 trustee objections
01/24/07 - Judge dismisses mortgage company objection
09/27/07 - Confirmed at last!
06/10/11 - Trustee confirms all payments made
08/10/11 - DISCHARGED !
10/02/11 - CASE CLOSED
Countdown: 60 months paid, 0 months to go
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