The Seven year period of bankruptcy...

[debee]

BK's reporting statute of limitations are from the filing date - not discharge date.

I agree. FCRA <section 605 (1)> says the Chapter 7 bankruptcy is on the credit report 10 years from the date of the Order for Relief (and 7 years for Chapter 13).

The "order for relief" is the filing date.

[jetsfan2010]

How does that work with a chapter 13?
also, if you filed and a case was dismissed, not discharged?

[tobee43]

BK's reporting statute of limitations are from the filing date - not discharge date.

many times because you file the bk is left open for some reason....let's say a no asset 7 turns into an asset case...and is not discharged for a year or months...

it is the date you rec'd from the court showing the discharge and order of release from the trustee...many times those dates are different so...i'm going have to disagree with you on this one...as actually a bk can stay open for years...but i'm talking a 7 here NOT a 13...

[df04527]

BK's reporting statute of limitations are from the filing date - not discharge date.

[tobee43]

rotfl!!! sorry, I meant 2017. So many are lucky to file & be discharged in same year; trustee wanted my vehicle so mine dragged as...this past Sept. was five years since filing...seems like forever...

right....we are in florida here AMI....so nothing surprises me at all anymore!!!!

[tobee43]

You can file a Chapter 7 every eight years, right? The BK could stay on your credit report for up to ten years.

yes, that's correct...every 8 years but it does stay on your credit for 10....LOL!!! just another oxy moron move!!

[DebtHater]

It's interesting that it's 10 years from discharge. I only say that because I filed in Dec 2009 and discharged in March 2010. According to my CR, it's "scheduled to continue on record until Dec 2019".

[AMISLANDER]

I hope not! That would be over 100 years from now .

rotfl!!! sorry, I meant 2017. So many are lucky to file & be discharged in same year; trustee wanted my vehicle so mine dragged as...this past Sept. was five years since filing...seems like forever...

[Egr61]

You can file a Chapter 7 every eight years, right? The BK could stay on your credit report for up to ten years.

[tobee43]

I hope not! That would be over 100 years from now .

ROFL!!!!!!!!! it would be!!! well....at least now of us would have to worry about getting credit again...and actually it wouldn't surprise me it they ( congress and or the banking industry) changes the time period from 10 years to 100 years!!!!!!!!!

[berkeleygl]

Right on! So 2117 is my 10 year mark....wow.

I hope not! That would be over 100 years from now .

[tobee43]

Right on! So 2117 is my 10 year mark....wow.

yes, it's really ugly when you put it that way!!! but unfortunately the truth....and wow is right!

[tobee43]

Well, so far I'm 8 days into my 10 years. LOL.

8 days and 12.5 hours.....LOL!!!! right drowning!! you are too funny!

[AMISLANDER]

Right on! So 2117 is my 10 year mark....wow.

[drowning123]

Well, so far I'm 8 days into my 10 years. LOL.