Bankruptcy entries on credit report

I am not real sure on this one. I had a bnakrupsty a long time ago but never looked at my score. Hopefully someone can answer this and explain it to you.

Normally all debts are included under bankruptcy. If you file a Chapter 7 bankruptcy, you need not pay back most of the debts except court fines, child support obligations, student's loan and secured debt which remains collectible. A bankruptcy listing may lower your credit score by as much as 100 points. The debts that are included in bankruptcy should be listed in your report as "included in bankruptcy" and must show "zero balance".

If the debts are not listed as "included in bankruptcy", you should first verify it with the credit bureaus. However, if a particular debt has not been included under bankruptcy, it will not show under bankruptcy listing. Since the list of creditors that are included in your bankruptcy, do not show up in your credit report, you can amend it anytime by paying a small charge in the bankruptcy court. For this you can contact the bankruptcy clerks office.

What do you mean get it amended? To show all creditors included in the bankrupsy?

Hi Mortgagevictim
If the debts that are included under bankruptcy shows under "included in bankruptcy", then it's Ok. But it does not mean that you should just wait for 5 more years for bankruptcy to come out of your credit report and improve your credit score. Bankruptcy will remain in public records for ever, although it will not be reflected in your credit report. So you should in the meanwhile build up a good credit history by spending on your existing credit cards and repaying it on time, so that as soon as the bankruptcy listing comes out of your credit report, you get a good push on your credit score.

When you go bankruptcy you credit score is compare with a bankruptcy formula different with others without bankruptcy.

explain???

you are compare among people with bankruptcy, same as you... that how they figurate you score. After you done with bankruptcy you score will go down becasue you will be compare with other people without bankruptcy
and you will be in disavantage if you not have been stablish your credit.

In any case bankrupsy is the most damaging to your credit report. I have been there before and it really stays with you 10 years down the line. It is a long start up from the bottom when you have to totally rebuild your credit. It can be done but is a long journey and very time consuming. I would advice anyone to always try to find a different solution unless there just isn't any other option. that was my case. There was n o other option for me. It has been off my credit record for quite a few years now and it feels so much better to not have it weighing me down.