Wilson asked:


A non professional gave me the advice of filing bankruptcy for debt i have totaling $5000. His argument was that with these debts that i have are obliterating my credit score anyway and that bankruptcy wouldnt be any worse. Is this true? What does filing bankruptcy do to your credit report and would it damage it more or less than leaving these debts sit as i do not have the money to pay them off at the moment. Thank you for reading and any help.

Jo asked:


Does it show up as soon as you set things in motion with the lawyer, or after you have your court hearing? Just curious, since I’ve started getting letters in the mail about getting car loans with bankruptcy and the like.

vanessa d asked:


I applied for a teller positon at BBVA compass and the interview went good. The only thing is that I have a bankruptcy on my credit report will this hurt my chances to work at a bank again.

~ asked:


If I file Chapter 7 bankruptcy how long does it stay in your credit report, and what are other issues those this bring?

GreenFam asked:


We are hoping that our credit score has improved greatly now that the bankruptcy is off (it was a long 10 years) and we haven’t acquired much debt.

tracey o asked:


I had a bankruptcy discharge of debt in Nov. 1998 in New York. I was told a the time it would drop off my credit report in 7 years, but it is still on there. I know I have to write to the companies, do I have to write to all 3? What info do I have to provide them with? Thanks!

T.J asked:


I filed for bankruptcy (chapter 7) a year ago and successfully had it discharged. I’m in teh process of rebuilding my credit and I pulled my credit report and all the creditors included in the bankruptcy have my accounts listed as “bankruptcy” which is destroying my credit score. Is there any way I can have those accounts removed since they are all closed and were included with the bankruptcy? Does anyone have any tips on rebuilding my credit? My score is currently 530 and I would like to raise it to the average but it seems like it hasn’t been going anywhere. What can I do?

$Question asked:


I filed for bankruptcy a few weeks ago but am now thinking of cancelling. From what I understand, once you have filed it is on your record, but what I want to know is that if I was to cancel the process, how does it show on my credit? Will appear as cancelled or will it just show that I did file for bankruptcy?

chena827 asked:


I filed Bankruptcy and I paid off two things that were on my credit report but it was on my bankruptcy. What happens anything negative or positive out of that. Filed bankruptcy in 2006 of December.

sandhsand asked:


This month makes 10 full years since I filed full bankruptcy. What steps can I take now to get it off my record?