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Bankruptcy Law Frequently Asked Questions (FAQs) | Missouri & Illinois Common Bankruptcy Legal Questions

Q: Can My Chapter 7 or Chapter 13 Bankruptcy Be Removed from my Credit Report in Missouri and Illinois?

A: You cannot remove a bankruptcy from your credit report, but there are some things you can do to make it look a little better. You can file an explanation with the credit reporting agencies that describes the events that led you to filing Chapter 7 or Chapter 13 bankruptcy in Missouri and Illinois. It is also absolutely critical to make sure your credit report from that point on contains no negative marks like late payments, judgments, collection agencies, or lots of inquiries. It would also be a good idea to check your report periodically to make sure everything is correct.

Bankruptcy isn’t designed to ruin your credit. If you are drowning in debt, your credit is probably already in bad shape. In most cases, filing the bankruptcy actually improves your credit score. Bankruptcy gives you a new starting point to start building better credit. So, why would you really want to remove your bankruptcy? It actually indicates to your creditors that you are responsible and it may give you the clean slate you need to build the credit score you’ve always wanted.

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