Your Virtual Credit Manager

AUGUST 1, 2023

Confirm that the bankruptcy has actually been filed with the bankruptcy court, and which type (usually Chapter 7 liquidation, Chapter 11 reorganization, or Chapter 13 if an individual is operating as a sole proprietor). Check out Using Collateral to Make the Sale for more information on filing a UCC.

Bankruptcy 130

Bankruptcy Chapter 11 Chapter 7 Bad Debt 130

CreditStrong for Business

MARCH 10, 2023

Most negative information such as late credit card payments, collection agency activity, and other missed payments toward debts remain on your credit report for seven years. A Chapter 7 bankruptcy will remain for up to 10 years, while a Chapter 13 bankruptcy generally remains for seven years.

Credit Scoring 52

Credit Scoring Credit Card Payments Bankruptcy Chapter 7 52

CreditStrong for Business

SEPTEMBER 12, 2024

More precisely, a Chapter 7 bankruptcy will remain for up to ten years, while a Chapter 13 bankruptcy generally remains for seven years. Positive information, such as current credit card accounts in good standing, stays on your credit report as long as they remain active.

Credit Scoring 52

Credit Scoring Credit Card Payments Credit and Collections Bankruptcy 52