Have you declared personal bankruptcy?

I declared bankruptcy in 2000 and was discharged in Jan 2001. I understand that it takes 6 – 7 years before the bankruptcy information comes off my Credit Report. My question is this, “When can I answer NO to the question of having declared personal bankruptcy?” When the question is asked on application for credit forms for credit cards, do I have to answer yes or no now that it’s no longer on my credit report?

One Response to “Have you declared personal bankruptcy?”

Barton Goth GCO Bankruptcy Trustees said...

This is a question that you will always have to answer yes to as there is no reference to time. You are correct that this information will stay on your credit file for a maximum of 6 years from the date of your discharge, but this is a separate issue. Anytime you see the question asked you are obligated to answer it truthfully and failure to do so would be constituted as fraud.