BK Fall Off Date???

[starry1]

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@GST2008 wrote:

My BK just fell off the last of my three reports today!  It's been 10 long years, but I am now officially BK free!!!!!

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CONGRATS!

[Nae82]

Hi all!

So when your bankruptcy falls off your score jumps pretty drastically?

Is there any way of knowing how much it could jump?

Mine falls off October 2016

That will be 3 LONG years!!!

[starry1]

There's no way to tell because it depends on what else is in your report.

[rm3]

I'm expecting mines to fall off EQ in a week-May 1. I can hardly contain my excitement. 10 long years.....a bottle of champagne to celebrate is in order!!!!

[VivoLivre]

Does the fall off date vary by state?  I was under the impression it was 7 years... if it really 10? I just passed the 7 year mark earlier this year...haven't ordered new reports yet, so I'm not sure if it's gone or not.  I'm gonna be SEVERELY bummed if it's 10 when I was told 7 before

[DaBears]

Chapter 7 remains for 10 yrs from date filed. All accounts included in the chapter 7 will be removed from your credit reports at the 7 yr mark. 

Chapter 13 remains only for 7 yrs.

[VivoLivre]

So that sounds like (since it was a 7) that the negative score impact will remain for 3 more years even though the "detail" of the accounts involved is now gone. Is that correct?

[fot1]

Don't get your hpopes up for score increases.. it really is a YMMV thing.. some have had score jump, other scores have fallen and for me 2 out the 3 so far no score change at all.