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Originally Posted by rickholio
That's not entirely true, as I know it. I'm told bankruptcies purge from all credit reports 7 years after date of closure.
You may have to specifically call around to all the credit companies and say "It's been 7 years, take that bankruptcy line item off my report", but it doesn't last *forever* IIRC.
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It's 10 years for Chapter 7 and 7 years after the final payoff of Chapter 13 (which is usually 3 years).
And again, every large $$$ application I've ever filled out asks if you have EVER filed bankruptcy. Lying on a banking document, esp with something like a mortgage or business loan, probably isn't a smart thing to do
