How Long Does Bankruptcy Stay on a Credit Report?

One of the most popular questions that we get about filing bankruptcy is about how long it will stay on a credit report. Many people seem to shy away from filing due to a fear of what it will do to their credit score and credit history. The answer is different depending on what type of bankruptcy you file. In Chapter 7, it can stay on your credit reports under the public records section for ten years. In chapter 13 bankruptcies, the filing will show for seven years. We understand it is a long time, but if you are in a position where you are considering bankruptcy, then it may be the only choice.

Following bankruptcy, if you keep your bills paid and don't overspend, there is a good chance your credit will recover quickly. You will find that after you discharge your debt, you will likely be sent new credit offers. This is because lenders know that you are out of debt and cannot file again for eight years. To help you recover your credit after bankruptcy, our law office helps you by performing a credit clean up for you at no additional charge. We contact the credit bureaus to correct your credit files so they accurately report the bankruptcy. This can increase your credit score by 25 to 150 points easily. Call our office today at (888) 707-1233 for your free evaluation, or request our free publications for more information.

J Thomas Black
Board Certified, Consumer Bankruptcy Law- Texas Board of Legal Specialization