RMAi Blog
MAY 12, 2023
26, 2023) A consumer filed for Chapter 7 bankruptcy, listing past-due rent he owed, and was subsequently granted a discharge. A debt collector unaware of the discharge, allegedly due to a bona fide error, sent several collection letters to the consumer regarding the past-due rent. See you in Monterey! Welcome, New Members!
tillful
MAY 17, 2023
Further, a business bankruptcy filing drops off of Equifax business reports after five years, whereas it takes seven to 10 with the personal credit bureaus; seven years for a Chapter 13 bankruptcy and 10 years for a Chapter 7 bankruptcy.
Due
APRIL 2, 2024
In the US, it’s after ten years under a Chapter 7 and seven years after a Chapter 13 bankruptcy. Your late payment history can remain on your credit report for 7 to 7.5 While collectors might be on your back, open accounts should be your highest priority. The impact of this strategy on your credit score varies.
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