There is also the matter of it being on

Posted on November 2, 2008

There is also the matter of it being on your FICO report anywhere from 7 to 10 years. When you sign any significant application or document you by law have to say yes when inquired about your previous bankruptcy, so this does have a very negative long lasting effect on your credit. Is debt relief only for those who have money or can those stuck with little income make it work.