Lawrence filed for Chapter 7 bankruptcy when he was 40 years old. How old will he be when the bankruptcy is removed from his credit report?

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asked Jul 10, 2019 4.4k views

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Skeen · Answer 1 · 2019-07-11T02:46:30+0000

Answer:

He will be 50.

Explanation:

In Chapter 7 bankruptcy, none of the debt is repaid. Because of this, it stays on your credit report for 10 years, instead of the 7 years that Chapter 13 bankruptcy stays on your report.

Lawrence filed for Chapter 7 bankruptcy when he was 40 years old. How old will he be when the bankruptcy is removed from his credit report?

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