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No I filed a bankruptcy in 2000 and it was charged off in May of 2001 I want to confirm the time frame it would stay on your credit report. It should have been seven years. The new bankruptcy act was extened to ten years in Oct of 2005. I just want to confirm this info and find the laws to support this so this bkpt is removed from my credit report.
Thank you for your question. I am happy to assist you.
I am unaware of the period ever being 7 years. As far back as 1990, a credit reporting agency could show a bankruptcy for up to 10 years. Then, like today, many credit reporting agencies would remove it after seven. However, it is not required to be removed until 10 years have passed.
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