WalletPop experts discuss bankruptcy, taxes and IRAs

The Dow is hovering in the 11,000s, and consumer confidence was up in March. Still, experts say the economy remains a mixed bag of good news, bad news. Daily bankruptcy filings in March, for example, totaled nearly 6,890, an 11.6% increase from February, according to Credit Slips. And who can forget the high unemployment rate?

WalletPop experts respond to your burning questions about bankruptcy, inheritance and IRA conversions.

Question:
It will be five years in December that we filed for Chapter 13 bankruptcy from a lawsuit. When will our credit rating be cleaned out, so we can fill out Visa card applications without explaining that we did file for bankruptcy?
-- Kevin