Surviving Financial Crises


How many years does a bankruptcy stay on your credit report?

A Chapter 13 bankruptcy will remain on your credit report for seven years from the filing date. This is the actual public record item that is in the court record, which typical credit reporting companies pick up when they create a file on you. The actual debts themselves will remain in your file for seven years from when the problem occurred and was first reported to the credit company. If the debts were not delinquent at the time of filing, they will also be removed from your credit profile. However, the public record is removed in seven years. Under Chapter 7 bankruptcy filing, the accounts will be removed after seven years, but the public record item will be removed after ten years.

After you declare bankruptcy, creditors and collection agencies are no longer allowed to contact you, and they certainly are not allowed to do so in person.


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