Legal Question in Bankruptcy in Virginia

keeping bankruptcy off of credit report

i have heard that it is possible for an individual to keep a bankruptcy off of their credit report. is this possible? if so, how?

Asked on 6/04/01, 2:17 pm

1 Answer from Attorneys

Glenn R. Tankersley Regency Legal Clinic

Re: keeping bankruptcy off of credit report

Bankruptcies, like almost all court proceedings, are a matter of public record.

Therefore, the only way I know to keep bankruptcy off your credit record is not to file in the first place.

However, recovery from bankruptcy is certainly common. How fast you recover depends generally on two things:

1. Your payment record after bankruptcy; and

2. Your ability to pay, i.e., income. Win the lottery and you will recover from bankruptcy REAL QUICK.

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Answered on 6/26/01, 11:50 pm

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