Full question:
How long before a bankruptcy can be removed from your credit report, and how is it done? Do I do it or does someone else takes care of it?
- Category: Bankruptcy
- Date:
- State: Connecticut
Answer:
Bankruptcies generally remain on your credit report for ten years. However, Chapter 11 and Chapter 13 bankruptcies are removed after seven years, as per the policy of the Associated Credit Bureaus, to encourage debtors to file under these chapters.
You may be able to have the bankruptcy removed sooner if the credit bureaus did not verify the information with the court in a timely manner. Under the Fair Credit Reporting Act (FCRA), unverified information must be deleted if you disputed it as incorrect. If you believe your public records were not properly verified, you can ask the credit bureau to explain how they verified the information.
If the credit reporting agencies do not automatically remove the records, you can send a dispute letter to request their removal.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.