dischared now 7 yrs.

My bankruptcy chapter 7, has been dischared 7 yrs. now,is there any way to get it off my credit report? I was told it would be on it for 7 yrs. when we filed..Lawyer advised us to file when we were divorcing.

Get an uptodate copy of your credit report just to make sure it has not gone. Update yourself of the DOJ manditory terms of credit reporting to make sure it is still 7 years. (I think its 10 myself) and do some home work behind the scenes. You can challenge the credit bureaus to maintain the listing. If it is to come off it must come off.

need help

we dont want to file bankruptcy,but we are in a more going out than coming in spot. we dont want to refinance for 30 yrs.and end up in worse shape and lose our home. we are not late on anything and have excellent credit.but we are not able to pay our bills and insurance without using a credit card.

Some times what we want to do and what we need to do are two very diffenent things. With your excellent credit you can perhaps apply for a credit line to help pay for your insurances etal at a better interest rate than the cards.

The refianance may be your only option. By relieving yourself of your cash flow problems, doing up and living to an Expense Plan and byusing good judgement and prudent restraint on your purchases and decisions you may just make it out. Look at a Chapter 13 wager earners pay back and keep the house likely.

Good Luck

Credit card responsibility

I get asked occasionally by clients about Joint Credit Cards. The Question usually goes this way.
My wife and I got divorced and I keep getting calls about payment of her credit cards. I never used it but why am I involved?

You are involved because either the Credit Card was of joint nature, meaning both of you applied and both signed on the dotted line. OR You applied either knowingly or unknowingly and your wife was assigned as an authorized user.

Either way you are pretty much on the hook. On the first situation, because it is a shared responsibility not dealt with with your seperation agreement. The second.. Because regardless of seperation or marriage, your name is on the account as principle account holder.

Can a creditor force me to do a bankruptcy?

Yes and No. no one can literally force you to do a bankrutpcy in America, however they may force you to decide to do so by applying so much pressure that Bankruptcy is seeminly your only option.

I suggest you contact an approved Credit Counselling agency as per the Dept of Justice establish list and do your pre bankruptcy counselling to establish your situation better and with that do your Needs Assessment at that time to see where you stand. If you do the Bankrutpcy then those two preliminary tasks are out of the way, If not you will know where you stand and go from there.

Are my Welfare and SSD payments going to be affected?

Welfare and Social Security Disability are usually unaffected by the Bankruptcy if you have not been found defrauding the government on any issue along the way. People on both of these are not removed from having credit problems and may need some assistance. Fees for services regarding filing and counselling will likely be waived, however expect the courts to order some sort of follow up counselling after the fact. Check however with your social worker or case manager if they have an opinion or any guidence available before signing on.