http://resources.lawinfo.com/en/Legal-FAQs/Bankruptcy-and-Your-Credit/index.html LawInfo - Legal Resource Center offers free legal forms and free legal documents that is designed to help consumers and businesses resolve their legal issues http://resources.lawinfo.com/en/Legal-FAQs/Bankruptcy-and-Your-Credit/Federal/how-long-will-a-bankruptcy-appear-on-my-credi.html A bankruptcy filing may appear on your credit report for up to ten (10) years.  This change on your report will make it difficult to borrow money. However, your credit rating may eventually improve since many of your debts will be discharged.  This is not to say that you will be unable to borrow money.  Other factors will help determine your credit score such as your general ability to pay back a loan. Bankruptcy and Your Credit FAQs Wed, 12 Dec 2007 00:12:10 GMT http://resources.lawinfo.com/en/Legal-FAQs/Bankruptcy-and-Your-Credit/Federal/will-i-be-able-to-get-credit-after-filing-for.html Yes. Lenders consider many factors when determining your ability to borrow money.  Filing bankruptcy will appear on your credit report but will also decrease your debt-to-income ratio.  Many lenders are able to satisfy a loan immediately after a person’s discharge of debts.  Unsecured credit cards may also be obtained after being discharged of debts. Bankruptcy and Your Credit FAQs Wed, 12 Dec 2007 00:12:11 GMT http://resources.lawinfo.com/en/Legal-FAQs/Bankruptcy-and-Your-Credit/Federal/my-bankruptcy-was-approved-and-my-debts-were-.html Though many of these debts should no longer show in your credit report, improperly stated debts that have been discharged may still appear on your credit report.  These debts are likely to weigh down your credit score but may usually be removed after informing the credit agencies that the debts have been discharged with verification form the bankruptcy schedule which lists the discharged debts. Bankruptcy and Your Credit FAQs Wed, 12 Dec 2007 00:12:12 GMT http://resources.lawinfo.com/en/Legal-FAQs/Bankruptcy-and-Your-Credit/Federal/will-filing-bankruptcy-affect-my-credit-ratin.html Unfortunately it will. However, most individuals are able to rebuild their credit within a few years. If you are currently contemplating bankruptcy, then it is likely that your current credit rating has already been affected. A discharge of your current debt may provide the opportunity to rebuild your credit with steady, regular payments on a new account. Bankruptcy and Your Credit FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Bankruptcy-and-Your-Credit/Federal/how-long-will-a-bankruptcy-show-on-my-credit.html The Bankruptcy Court has no jurisdiction over credit reporting agencies. The Fair Credit Reporting Act, 6 U.S.C. Section 605, is the law that controls credit reporting agencies. The law states that credit reporting agencies may not report a bankruptcy case on a person`s credit report after ten years from the date the bankruptcy case is filed. Other bad credit information is removed after seven years. The larger credit reporting agencies belong to an organization called the Associated Credit Bureaus. The policy of the Associated Credit Bureaus is to remove chapter 11 and chapter 13 cases from the credit report after seven years to encourage debtors to file under these chapters. Bankruptcy and Your Credit FAQs Mon, 04 Jun 2007 21:51:22 GMT http://resources.lawinfo.com/en/Legal-FAQs/Bankruptcy-and-Your-Credit/Federal/if-i-file-for-bankruptcy-will-it-hurt-my-spou.html In general, if you file for bankruptcy and your spouse does not (spouses are not required to file); your bankruptcy will not show up on your spouse’s credit report.  However, your spouse may be responsible for a discharged debt that your spouse was only partly responsible for before the bankruptcy filing. 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