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Does a second Bankrutpcy stay on file for 14 years if the first bankruptcy is already off record

I was dischared from my second bankruptcy a few years ago. I had a bankruptcy 30 years ago, which was off my file long ago.

When I check my credit file with both Equifax/TransUnion, it indicated only the most recent bankruptcy, which I assume will be gone in seven years. (it does not indicate that it is second)

So does the 14 year on credit file for second bankruptcy, only count if the first bankruptcy is still on file, or is this an error on my file?

Posted from: Ontario

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One Response to “Does a second Bankrutpcy stay on file for 14 years if the first bankruptcy is already off record”

A licensed trustee said...

I’m not surprised that you may be confused. The credit bureaus’ sebsites state that a second bankruptcy may be listed for up to 14 years. In practice though, that only happens if you file for the second bankruptcy while the first bankruptcy is still listed (ie in the first 6 years after you have been discharged).

Based on what you’ve written, I thikn the credit bureau is following their usual practice in your case.