After someone in your life dies, you may be dealing with a flood of emotions. Whether the passing was sudden or expected, there is always a certain amount of shock and sorrow. The many plans to make and details to take care of - including funeral arrangements, contacting relatives and consoling your family - often temper those feelings.
The Fair Credit Reporting Act allows credit agencies to list bankruptcies of any kind for up to 10 years. However, the major credit agencies only list a Chapter 13 case for seven years. Florida consumers who are concerned about the impact of a bankruptcy on their credit report should know that its impact fades over time. This can be done by paying bills in a timely manner and not obtaining new debt.