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     | Monday, November 29, 1999 - 05:26 pm  I know that bankruptcies can stay for up to 10 years and other items can stay for up to 7 years. But how long do items listed as "included in bankruptcy" stay on the report 7 or 10 years? Thanks...
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| | Tuesday, November 30, 1999 - 06:11 am The FCRA determines how long a bankruptcy can be reported on the public records section of a credit report - no longer than 10 years. The Associated Credit Bureaus have decided not to list Chapter 13s as long as legally permitted and only list those for 7 years. It is my understanding that the a debt which is included in bankruptcy is only listed for the length of time that it would have been listed anyway. So as with all negative information, it is listed for 7 years (or for 7 years plus 6 months if the late pay or collection ocurred after the FCRA was amended in 1997) from whenb it was originally reported. A recent post by someone else suggested that the FCRA did not include a grandfather clause, so that it's 7 years 6 months for ALL negative info.
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| | Tuesday, December 14, 1999 - 08:06 am Definately 7 years, but here's the rub. If the date of last activity is more current than the bankruptcy (it shouldn't be, but you have no control over how its reported). It could take repeated follow-up action with the credit bureaus to quit reporting it. I am trying to make Equifax understand that right now.
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| | Saturday, July 28, 2001 - 01:57 pm An exception to the 7 year rule is for a discharged bankruptcy. Under 41 U.S.C. §1681c(a)(1) the 10 year exception is reserved for a bankruptcy case which “from the date of entry of the order for relief or the date of adjudication antedate the report by more than 10 years.” If you file a bankruptcy and do not receive an order for relief or any adjudication, the 7 year rule should still apply.
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| | Monday, July 30, 2001 - 01:07 am Chris, and everybody else, please post at the NEW forum at http://www.bayhouse.com/credit-forum/ Didn't know posting wasn't disabled here. Sorry about that! Christine
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