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New Member
Posts: 6
Registered: ‎04-09-2014
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When the heck does "Included in Bankuptcy" fall off?

As the title states... when in the world does "Included in Bankruptcy" entries fall off?

 

Thanks!

Valued Contributor
Posts: 1,347
Registered: ‎11-14-2013
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Re: When the heck does "Included in Bankuptcy" fall off?

Seven years plus 180 days from the date of first delinquency.
BK Discharge 2/11/14

Currently in the garden.
New Member
Posts: 6
Registered: ‎04-09-2014
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Re: When the heck does "Included in Bankuptcy" fall off?

OK,

 

For example there is one that is just about six years old to the day. That item will fall off a year and a half from now?

Valued Contributor
Posts: 1,347
Registered: ‎11-14-2013
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Re: When the heck does "Included in Bankuptcy" fall off?

Correct - there are some versions of the credit reports that will tell you when an item will fall off.  But if not, it is the formula I posted above.

BK Discharge 2/11/14

Currently in the garden.
New Member
Posts: 6
Registered: ‎04-09-2014
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Re: When the heck does "Included in Bankuptcy" fall off?

Thanks for the information.

 

I have one item that my atty screwed up on and I wanted to re-affirm  (discussed in another thread) however he did not. I was and am never late on. they put an FP/included in bankruptcy the day it was discharged I'm fighting with the finance company now (which may be futile).  I'm assuming this one will be there for 7 and a half years? :smileyindifferent:

Valued Contributor
Posts: 1,347
Registered: ‎11-14-2013
0

Re: When the heck does "Included in Bankuptcy" fall off?

This one would be actually later - seven years and 180 days from discharge.

And it is futile as it is against the BK discharge order to report anything other than 0 balance and IIB once discharged.

Good news is you can surrender the car and have no negative reporting (outside of the IIB) - but you would ruin your hopes of ever using that finance company again.
BK Discharge 2/11/14

Currently in the garden.
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