How Long Does Bankruptcy Stay On Your Credit Report?

Bankruptcy And Your Consumer Credit Report

Chapter 13 bankruptcy does not remain on your credit report as long as Chapter 7. Generally, Chapter 13 is considered a less harsh remedy as it remains on your credit report for only seven years from the filing date. Chapter 7 has a more harsh effect as it remains on your credit report for 10 years. In some instances, a Chapter 13 that is later dismissed or not completed can also remain on your credit report for 10 years.

Is It Possible to Remove Bankruptcy From Your Credit Report?

No, you cannot remove a valid bankruptcy record from your credit report. Once filed, it appears on your credit report within one to two months and remains there until it expires—10 years for Chapter 7 or 7 years for Chapter 13.

However, if your report incorrectly shows a bankruptcy filing or if a bankruptcy entry stays beyond its expiration date, you can dispute the error with the credit bureau responsible for the report.

 

So How Long Does Bankruptcy Stay On Your Credit Report?

Direct answers to that question from the three major credit reporting agencies are provided below.

1. Experian: When Does Bankruptcy Fall Off My Credit Report?

2. Equifax: Information Stays Equifax Credit Report

3. TransUnion: How Long Does Bankruptcy Stay on a Credit Report?

The Louisiana bankruptcy attorneys at Simon Fitzgerald LLC, are here to answer all your questions. To schedule a free initial consultation with one of our lawyers, please contact our law firm by calling 888-341-8091.

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