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    7 year or 10 year for cc accounts

    How will all my credit card account look after BK?

    As far as I know, all credit card accounts will be closed after BK.

    Does it look "Bankruptcy" or just "Closed"?

    Some accounts with discharged debts would be shown as "Bankruptcy" but how about other accounts with $0 balance which were closed automatically?

    --------------------------------
    Chapter 7 will remain in my public record for 10 years.
    How about my account info? Normall accounts are shown in credit report just for 7 years. If I understand correctly, all the negative accounts will be removed from credit reports after 7 years except the public record of BK?

    Or all the accounts info just remains as like BK in my credit reports until BK record is removed?

    I am just wondering...
    Filed Chapter 7 on Nov 23, 2009
    341 Meeting on Dec 30, 2009
    Discharged on March 11, 2010
    Closed on April 12, 2010

    #2
    Originally posted by mhman View Post
    How will all my credit card account look after BK?

    As far as I know, all credit card accounts will be closed after BK.

    Does it look "Bankruptcy" or just "Closed"?

    Some accounts with discharged debts would be shown as "Bankruptcy" but how about other accounts with $0 balance which were closed automatically?

    --------------------------------
    Chapter 7 will remain in my public record for 10 years.
    How about my account info? Normall accounts are shown in credit report just for 7 years. If I understand correctly, all the negative accounts will be removed from credit reports after 7 years except the public record of BK?

    Or all the accounts info just remains as like BK in my credit reports until BK record is removed?

    I am just wondering...
    You'll find out soon, and I wouldn't even worry about it. After filing you should just check the credit report's accuracy, dispute items that are wrong, and that's it. You can rebuild your credit history later.
    Filed Joint, No Asset, > $100,000 Unsecured Ch.7 6/7/13 ~~ 341 Meeting 7/15/13 ~~ Discharged 9/16/13 !!

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      #3
      Any credit cards you discharged through bankruptcy will be IIB and any 0 balance cards closed by the creditor should just listed "closed by credit grantor". They should come off your report 7 years after DOFD.
      Filed Ch. 7 Pro Se: 12/11/08
      341 Meeting: 1/7/09
      Trustee's Report of No Distribution: 1/9/09
      Discharged: 3/10/09

      Comment

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