Hi. I have several accounts that are "included in Bankruptcy". When will they fall off of my credit report? Is it 7 years from the date of the first late or is it 10 years from the date the bankruptcy was discharged? Thanks.
A Chapter 7 bk falls off ten years from filing date. A Chapter 13 is 7 years from filing date but a Chapter 13 payment plan can be as long as 5 years and sometimes it is difficult to get credit until that 13 is discharged. HTH, clc
If an acct is included in BK, it will fall off 7 years from the date of last activity, but at the LATEST 7 years from the BK filing date, regardless of chapter filed. For instance, my BK 13 was filed in 11/96. It will fall off this November. Of the 15 or so accounts included, only one is still on my reports. This is becuase almost a year passed between when I first became late on these accounts and my actual filing of BK. Most of my accts had delinquency dates, or dates of last activity of 11/95, 12/95, 1/96, 2/96, etc. They were all listed as being included in BK but have fallen off my reports like clockwork once the 7 year time period from the DLA expires.
