[Rembrandt]

“If I file bankruptcy, it may sting, but that only lasts 7 years.”

Legally, bankruptcy only lasts 7 years but there are plenty (most, all) credit instrument questionaires which pose the question: “Have you ever filed for bankruptcy?”

Remember, “ever” means forever.

[pnh102]

Legally, bankruptcy only lasts 7 years but there are plenty (most, all) credit instrument questionaires which pose the question: “Have you ever filed for bankruptcy?”

Yup... bankruptcy is the financial equivalent of genital herpes. Try not to get it unless you really have no other choice.