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Question for the Money Doctors

Question submitted on Oct 18, 2012.

Question

i filed for bankruptcy in 2005 but the case was never heard the judge dismissed the case. Transunion imformed me that if i sent the judge a letter asking him to review the case because it wasnt heard and to put in writing that he will allow them to delete this from my credit they will? where do i get help formating a letter like this?

Answer

According to the TransUnion site, "Generally, bankruptcy and dismissed bankruptcy actions remain on file for up to 10 years from the date filed. A completed (discharged) or dismissed Chapter 13 remains on file for up to seven years from the date filed. A voluntarily dismissed bankruptcy remains on your file for up to seven years from the date it was filed. The actual accounts included in bankruptcy remain on file for up to seven years from the date of closing/last activity regardless of the chapter pursuant to which you filed." I followed up with a TransUnion Representative who indicated that if you are to have it removed, you need to go back to the judge and ask the judge to remove it and follow up with TransUnion to have the dismissal removed.  I would recommend seeking a bankruptcy attorney in your jurisdiction as they will be able to advise you on the process at your local court.  The bankruptcy attorney will be aware of the subtle nuances of the judge where you originally filed.  The good news is that there is only about 36 months before this falls off your credit report and depending on how credit has been handled over the last 7 years, the impact of the dismissed bankruptcy may be not significant at this time.


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