Sentences with phrase «bankruptcy discharge date»

Bankruptcy discharge date's effect on score Here is where, in answer to your question, you might be surprised and perhaps disappointed to learn that next month's discharge is not likely to have any impact on your score — only the date filed.

For a Chapter 7 bankruptcy the discharge date must be at least 24 months in the past in order to be approved.

Your bankruptcy filing date (July 2011) is the date the official paperwork was filed that opened your case in bankruptcy court, while the bankruptcy discharge date (September 2011) is the date you were released from personal liability for debts included in the bankruptcy.

If you are seeking home loans with a bankruptcy, you may be able to get approved for financing one to two years after your bankruptcy discharge date.

Believe it or not, you will be bombarded with unsecured credit card and auto financing offers after a few months of your bankruptcy discharged date.

Not exact matches

What bankruptcy actually does is it improves your credit rating because it puts a stop date on collections and it typically says once you're discharged from bankruptcy those debts are discharged.

Your bankruptcy will stay on file for six years after your discharge date, but you can (and are encouraged to) start rebuilding your credit immediately.

Borrowers with a previous bankruptcy may still qualify if they've maintained a clean history for at least 2 years from the date of discharge.

Bankruptcy will stay on your credit report for 10 years for the date it was dismissed or discharged.

A bankruptcy is a public record that lists the date filed and date discharged.

For Chapter 7 Bankruptcy, 12 months must have elapsed since the date on which the bankruptcy was dBankruptcy, 12 months must have elapsed since the date on which the bankruptcy was dbankruptcy was discharged.

Collections discharged in bankruptcy: 7.5 years from the date the debt first became delinquent, whether Chapter 7 or 13.

Judge Pappas noted that Brunner was decided in 1987, at a time when the bankruptcy code allowed discharge of student loan debts on either of two grounds: first, if the student loans had been in repayment status for five years or more on the date the bankruptcy was filed, or second, if repayment of the student loans would constitute an undue hardship on the debtor.

If your chapter 13 bankruptcy is 2 - years after discharge date and you have good re-established credit, you may now qualify for an standard conforming loan.

If your chapter 7 bankruptcy is 2 - years after discharge date and you have good re-established credit, you may now qualify for a VA loan.

The government law is that student loans are not discharged (eliminated) in a personal bankruptcy unless the person has been out of school for 7 years from the date their studies were completed.

The four - year waiting period following a Chapter 7 bankruptcy is measured from the discharge date, as is the two - year waiting period following a Chapter 13.

Generally, the filing date is used in credit reporting and scoring, and the discharge date is used as the starting point for the required waiting period for a new mortgage, with the length of time depending on whether it's a Chapter 7 or 13 bankruptcy, and whether the loan is conventional, FHA, VA or USDA.

A bankruptcy discharge is a legal release from the requirement to pay debts as of the date of filing bankruptcy, with some exceptions.

At least two years must have elapsed since the discharge date of the borrower and / or spouse's Chapter 7 Bankruptcy, according to FHA guidelines.

For bankruptcies the date starts at the time of discharge - not filing.

The bankruptcy is discharged after you complete the repayment plan, and it stays on your credit report for seven years from filing date.

One common ground for denying a discharge is when the debtor — with intent to hinder, delay, or defraud a creditor — transfers, removes, destroys, mutilates, or conceals property within one year before the date of filing for bankruptcy or any time after the date of filing.

You have been subject to any of the following conditions during the five years preceding the date of the credit report: Repossession; Default Determination; Bankruptcy Discharge; Tax Lien; Wage Garnishment; or Write off of a federal student loan debt.

Ted Michalos: So, if this was your first bankruptcy likely it will be displayed in the legal section for up to seven - years from your date of discharge.

VA borrowers will typically need to wait two years from the date of their Chapter 7 bankruptcy discharge to pursue a VA home loan.

When the judge grants a Chapter 13 bankruptcy, you must submit your credit counseling certificate to the court by the date of your last payment in the repayment plan or the date the Motion for a Discharge is filed.

A consumer proposal is different than a bankruptcy filing, because the note about filing bankruptcy in Canada remains on your credit report for six years from the date of discharge.

For bankruptcies the clock starts ticking on the day you file for protection, not the date of discharge.

If the government files a foreclosure claim, then you may need to wait three years from that date, regardless of the bankruptcy discharge.

Consumers must have re-established their credit after the discharge date, have an installment loan for a minimum of 2 years and can not have any derogatory credit after the bankruptcy.

Under current regulations, a PLUS loan applicant is considered to have an adverse credit history if the credit report shows that the applicant is 90 days delinquent on any debt, or has been the subject of a default determination, bankruptcy discharge, foreclosure, repossession, tax lien, wage garnishment, or write - off of a title IV, HEA program debt in the five years preceding the date of the credit report.

After discharge, if you gain new assets within four years of the date of your bankruptcy, the trustee will be able to claim them.

If you go bankrupt under other rules, you may be discharged at any time after one year from the date of your bankruptcy.

Discharge with respect to student loan indebtedness only available where (1) discharged bankrupt ceased attending school seven years prior to filing for personal bankruptcy, or (2) once a discharged bankrupt has been out of school for five years after the date of filing for bankruptcy a debtor can apply for a court - ordered discharge of their student Discharge with respect to student loan indebtedness only available where (1) discharged bankrupt ceased attending school seven years prior to filing for personal bankruptcy, or (2) once a discharged bankrupt has been out of school for five years after the date of filing for bankruptcy a debtor can apply for a court - ordered discharge of their student discharge of their student loan debt

In Ontario, credit reporting is governed by the Consumer Reporting Act which states, in subsection 9 (3)(e), that a consumer reporting agency shall not include in a consumer report «information as to the bankruptcy of the consumer after seven years from the date of the discharge except where the consumer has been bankrupt more than once.»

In a Chapter 7 case, if there are no objections to discharge, the debtor receives the bankruptcy discharge within about four months from filing date of the case.

If you file for personal bankruptcy more than five years after the date of the «end of your education» then you are entitled to bring an application before a court seeking a «court - ordered discharge» pursuant to a «hardship provision» under federal bankruptcy law

Once you are discharged, the bankruptcy will be removed from your credit report after 6 years from the date of discharge.

The applicant has been the subject of a default determination, bankruptcy discharge, foreclosure, repossession, tax lien, wage garnishment, or write - off of a Title IV debt, during the five years preceding the date of the credit report.

Most Chapter 7 debtors receive their discharge about four months after the filing date of the bankruptcy petition.

Equifax, the largest credit reporting agency in Canada, will put a note on your credit reporting stating that you filed bankruptcy, and that note will remain on your credit report for six years from the date you are discharged from a first bankruptcy.

Your discharge date will then depend on the chapter of bankruptcy that you file.

In simple English: a student loan is automatically discharged in a bankruptcy if, at the date of bankruptcy, more than seven years has elapsed since the bankruptcy ceased to be a student.

In accordance with the Bankruptcy & Insolvency Act (Canada), no active collection activity can occur between now and the date you are discharged....

Section Section 178 (1)(g) of the Bankruptcy & Insolvency Act states that an order of discharge does not release a bankrupt from: Any debt or obligation in respect of a loan made under the Canada Student Loans Act, the Canada Student Financial Assistance Act or any enactment of a province that provides for loans or guarantees of loans to students where the date of bankruptcy of the bankruptBankruptcy & Insolvency Act states that an order of discharge does not release a bankrupt from: Any debt or obligation in respect of a loan made under the Canada Student Loans Act, the Canada Student Financial Assistance Act or any enactment of a province that provides for loans or guarantees of loans to students where the date of bankruptcy of the bankruptbankruptcy of the bankrupt occurred:

A — A personal bankruptcy discharges you from the debts that you had incurred as of the date of filing your assignment in bankruptcy.

However, a notification of a first bankruptcy will remain on the individual's credit report for a period of seven years after the discharge date.

The waiting period for these Chapter 13 bankruptcies is two years from the discharge date.

For conventional financing, basic guidelines at this time show a waiting period of four years after a Chapter 7 or 11 Bankruptcy, two years with extenuating circumstances; after a Chapter 13 Bankruptcy, it would be two years from the Discharge date, four from Dismissal date (two from Dismissal with justifying circumstances).