Quote Quoting CaliMOO
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Can someone tell me if it is being reflected because we had started the process and submitted paperwork already even though we never went through a payment plan? Can this be corrected or is it one of those things where the record is already there and we will just have to go through the 7 or 10 years that it takes until it disappears from my credit report?
It's the filing of the bankruptcy petition that triggers the notation of bankruptcy on your credit report. You did file the petition, so the credit entry is accurate and will stay there until 10 years from the date the petition was filed. However, after 6 years the effect of that on your credit is significantly less than it was when you first filed.