http://www.bankruptcylawnetwork.com/2007/05/04/how-long-will-a-chapter-13-bankruptcy-stay-on-my-credit/ Real Lawyers, Real Solutions Thu, 11 Mar 2010 21:25:57 -0700 http://wordpress.org/?v=2.9.2 hourly 1 http://www.bankruptcylawnetwork.com/2007/05/04/how-long-will-a-chapter-13-bankruptcy-stay-on-my-credit/comment-page-1/#comment-3939 Is There A Time Limit for Collecting A Debt? at Bankruptcy Law Network - Real Lawyers, Real Solutions Mon, 11 Jun 2007 12:22:22 +0000 http://www.bankruptcylawnetwork.com/2007/05/04/how-long-will-a-chapter-13-bankruptcy-stay-on-my-credit/#comment-3939 [...] Reporting debt on the borrower’s credit report:Federal law typically requires credit bureaus to drop negative information after seven years from the date an account first becomes delinquent. An account “becomes delinquent” when the first scheduled payment is missed. Exceptions to the rule include a Chapter 7 bankruptcy, which can remain on your credit reports for up to 10 years (Chapter 13 bankruptcy stays on a credit report 7 years), and special debts, such as unpaid tax liens, that can stay on your reports indefinitely.Federal law typically requires credit bureaus to drop negative information after seven years from the date an account first becomes delinquent. An account “becomes delinquent” when the first scheduled payment is missed. Exceptions to the rule include a Chapter 7 bankruptcy, which can remain on your credit reports for up to 10 years (), and special debts, such as unpaid tax liens, that can stay on your reports indefinitely.Suing the borrower to collect debt: [...]

]]> http://www.bankruptcylawnetwork.com/2007/05/04/how-long-will-a-chapter-13-bankruptcy-stay-on-my-credit/comment-page-1/#comment-1984 Is Bankruptcy Right For Me? at Bankruptcy Law Network - Real Lawyers, Real Solutions Tue, 15 May 2007 12:13:15 +0000 http://www.bankruptcylawnetwork.com/2007/05/04/how-long-will-a-chapter-13-bankruptcy-stay-on-my-credit/#comment-1984 [...] Finally, the financial advantages and emotional relief of bankruptcy must be weighed against the future implications of filing bankruptcy.  Bankruptcy can affect your credit for years.  In a limited number of professions, a bankruptcy may affect a promotion.  It may also affect your ability to rent an apartment.  So, factors like your future job situation or living arrangements should weigh in your bankruptcy decision. [...]

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