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Timeline of bankruptcy events

What happens before, during and after bankruptcy
Bankruptcy Timeline
Warning! Bankruptcy approaching Alert! Bankruptcy dead ahead Cut back Seek an attorney Prepare Seek counseling File bankruptcy Personal financial course Finance a vehicle 341 meeting Chapter 7: Discharge FHA-insured mortgage Unsecured credit card Purchase home FHA-insured mortgage Chapter 13: Discharge Drops off credit report Drops off credit report
 
10 years Chapter 7: Bankruptcy drops off
 
After staying on your credit report for seven to 10 years the bankruptcy falls off.
 
 
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Bankrate.com's corrections policy
-- Posted: June 20, 2006
 
 
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 RESOURCES
Bankruptcy: Before you file
Bankruptcy: When you file
Bankruptcy: After you file
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NATIONAL OVERNIGHT AVERAGES
$30K HELOC 5.15%
Personal loan 14.04%
$30K Home equity loan 7.59%
Rates may include points
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