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Quick Bankruptcy Question!!

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Unfaithful
Contributor

Quick Bankruptcy Question!!

Hey all! This is my first post, but have been on these forums for years. I have to say I have gained a lot of important information and want to thank you all! I couldnt really find an answer to my question. Searched everywhere and even tried googling it but found no direct answers. Anyways, the question is, when filing for bankruptcy do your inquiries clear and get deleted?

Message 1 of 5
4 REPLIES 4
Taoron
Frequent Contributor

Re: Quick Bankruptcy Question!!

Hi!  Welcome to the forums.  The answer to your question is no, inquiries do not get removed after filing bk7.  They will drop off after 2 years like normal.  Also, old collections will list as collections (but will have $0 balance and IIB) and lates will still appear on 2 of the CRAs.



Message 2 of 5
Anonymous
Not applicable

Re: Quick Bankruptcy Question!!

Although they come off your CR after 2 years, they will have little to no affect after 1 year. BK does not delete inquiries.

Message 3 of 5
Shooting-For-800
Senior Contributor

Re: Quick Bankruptcy Question!!

i dont know about the inquires, my educated guess in no, they do not get cleared.

 

I do know however, iquires are the least of your credit worries during or after BK.

 

Most people will have a better credit score after BK even though the BK does create some blacklisting.

 

Inquires are a very small part of your score.  Probably the least important part.

 

Good luck.

 

There is life after BK!

Rebuild started in 2014  -  $100k unsecured credit in 2017  -  $500k unsecured credit in 2024.

DON'T WORK FOR CREDIT CARDS ... MAKE CREDIT CARDS WORK FOR YOU!



Message 4 of 5
gdale6
Moderator Emeritus

Re: Quick Bankruptcy Question!!


@itsyoujq wrote:

Hey all! This is my first post, but have been on these forums for years. I have to say I have gained a lot of important information and want to thank you all! I couldnt really find an answer to my question. Searched everywhere and even tried googling it but found no direct answers. Anyways, the question is, when filing for bankruptcy do your inquiries clear and get deleted?


Welcome to My Fico Smiley Happy

 

As stated inquiries do not get removed by BK, they stay on file for up to 2 years.

Message 5 of 5
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