How Long Does Bankruptcy Stay On A Credit Report?
Credit reports reflect many things about your financial background and it remains on your report until
a certain amount of time passes. Federal Law requires once the time has passed, the item is removed.
Chapter 7 bankruptcy is reflected on credit reports for ten (10) years.
Chapter 13 bankruptcy is on credit reports for seven (7) years.
The fact that bankruptcy is on a credit report doesn't mean that lenders won't give credit to someone, so
it is very important to work hard to rebuild and reestablish credit.
Most public information like judgments and lawsuits can be on the report for seven (7) years after
the statue of limitations has expired. Missed payments on credit cards and consumer debt also remain on the report for
seven (7) years
