Removing Bankruptcy From A Credit Report

Removing Bankruptcy From A Credit Report

Many clients when considering bankruptcy ask how long it will take for a bankruptcy filing to disappear from their credit report. They also wonder about the process of removing a bankruptcy entry from their credit report. Morrison Law Group continues to represent their clients even after the entry of a bankruptcy discharge order in their case.

The truth of the matter is that a consumer does not have to do anything to have a bankruptcy case filing removed from his or her credit report. The bankruptcy case filing and any included discharged accounts will be deleted automatically. In truth, the discharge date is unrelated to when the information about the bankruptcy filing will be deleted.

The public record of a bankruptcy filing is deleted from a credit report either 7 or 10 years from the filing date of the bankruptcy, depending under which chapter the bankruptcy case was filed. A Chapter 13 bankruptcy case is deleted seven (7) years from the filing date. A Chapter 7 bankruptcy case is deleted ten (10) years from the filing date.

Entries for debts included and discharged in both Chapter 7 and Chapter 13 bankruptcy cases may remain on a credit report for seven years. Typically, these accounts are seriously delinquent even before the bankruptcy case is filed. An account delinquent when included in a bankruptcy case will be deleted seven years from its original delinquency date, which is the date the account first became late and never again brought current.

Filing a bankruptcy case does not change the original delinquency date or extend the time that an account remains on a consumer’s credit report. Every former bankruptcy debtor must take advantage of the availability of a free annual credit report from each of the three credit reporting agencies.

Theron Morrison and the Morrison Law Group help their clients through every important stage of their bankruptcy case, especially when children are involved. Call 801.456.9933 today to schedule a FREE consultation. We have locations in Ogden, Logan, Sandy, and St. George to serve the residents of the counties of Weber, Cache, Salt Lake, Utah, Morgan, Davis, Washington, and surrounding areas.

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