Bankruptcy removal

How Long Does Bankruptcy Stay on Your Credit Report?

A bankruptcy can remain on your credit reports for up to 10 years, after which the public record will be deleted automatically. The time spent on your reports depends on the type of bankruptcy you chose:

• Chapter 7 bankruptcy: Also known as liquidation bankruptcy, a Chapter 7 record will stay on your credit reports for 10 years from the filing date. This is due to the fact that this option will likely discharge more of your debt.
• Chapter 13 bankruptcy: Known as reorganization bankruptcy, a Chapter 13 record will be removed from your credit reports seven years from the filing date. This one involves restructuring your debts to make affordable payments over three to five years, typically resulting in a lower discharged amount compared to Chapter 7.