Calandra has been hurt again :(
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I believe it is seven years for your bancruptcy to be "spent" so you have three years to go. Make sure you always declare your bancruptcy status to Insurance/Financial companies or you could be accused of disclosure of a fact ie the fact you were made bancrupt |
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william c
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Mike Sanders must be stupid, people claim bankruptcy for many reasons, death, lawsuits, etc.. its 7 to 10 years depending on the bankruptcy. |
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G P
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I'm not absolutely certain, but I've always heard anything on your credit falls off after 7 years (since the bankruptcy was finalized, not when you first filed). I do know for a fact that if you are going to buy something big like a house, no one legitimate will finance you unless it's been over 2 years since it was finalized, and even then you will have to deal with big interest rates. BEWARE by the way of anyone who says they can finance you for ANYTHING no matter what your credit . There is always a high, hidden price to pay for letting them finance you. In the old days such companies would have been called loansharks. Now they're mortgage brokers and used car salesmen! |
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j g a
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4 years then 3 years without obtaining credit so it is 7 in total last time i heard. sorry. |
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laurence c
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4 years so far |
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luciousgreeneyedlady
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10 years |
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lavern
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It usually takes a compleate 7years before your in the clear, if the person wants to get good credit, get a prepaid credit card, there saying that by the year 2008 the prepaid credit cards will be the same as a regular one.
if i make make a sugestion though, if you know of someonelse who wants to go bankrupt, tell them they should consolidate there debts first, before they take that step. Making small payments is better then going the other way. |
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lv_consultant
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it is 7 years in the US. you have to make sure that you get the proper paperwork when your bankruptcy has been discharged. I've gotten many people approved for sub-prime mortgage loans a month after their bankruptcy was discharged...and i'm talking with FICO scores of less than 500 |
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Maggies Mamma ♥
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I've always heard it's 7 years
so you got another 3 to go |
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Experian Agent.
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If your in the uk everything is in the government link below
http://www.insolvency.gov.uk/ |
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alatoruk
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you should be automatically discharged after 3 years HOWEVER that assumes you have co-operated with the official receiver. |
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phil
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I thought it was only 1 year, i know it was 6 years before but it may have changed |
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kgiadi
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I think you are bankrupt until you have satified your creditors. |
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Mike Sanders
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FOREVER!!!
On the plus side i have absolutely no sympathy for being who have declared bankrupt...
I work in a business, family, nice earner... and the amount of times we've been screwed over by scum bags who spend beyond their means and then declare themselves bankrupt which pretty much sends the whole of us real hard working people a big f*ck you, i have no time. |
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