Certified Bankruptcy Specialist

How Long Does Bankruptcy Stay On Your Credit Report?

When you decide bankruptcy is the best option to deal with your debt, you want to know how it will affect you after your debts are discharged, especially when it comes to your credit score.

After your unsecured debt is discharged, your credit score typically will take a slight dip, depending on where your score was before bankruptcy. If you maintain good credit practices, your credit score can come back to pre-bankruptcy levels in as little as a few years.

But even though your credit score starts going up, it doesn’t mean that the bankruptcy comes off of your credit report.

  • If you filed a Chapter 7, your bankruptcy stays on your credit report for the next 10 years.
  • If you filed a Chapter 13, it stays on your credit report for 7 years.

It may seem like a long time for your bankruptcy to stay on your credit report. But with the right habits and discipline, you may still qualify for car loans and even a mortgage with a bankruptcy on your record.

Can I Remove Bankruptcy from My Credit Report Early?

There are a few possibilities to get a bankruptcy removed from your credit report sooner.

You can check your credit report and look for any errors on the bankruptcy entry. If you find an error, you can send a letter to the credit bureau to request it to be removed. The older your bankruptcy, the more likely you are to find an error.

If you are unable to find an error, you can still send a letter to the credit bureaus in order to find who they verified the bankruptcy with. If they are unable to correctly verify the bankruptcy, they may remove it as well.

Though there are opportunities to get it removed early, it is unlikely and in most cases, your bankruptcy will stay on your credit report for either 7 or 10 years.

Facing Debt? Call The Turoci Bankruptcy Firm

If you are struggling with debt, bankruptcy can be an option for you. We can guide you throughout the entire bankruptcy process, and guide you on how to rebuild your credit once your bankruptcy is complete. Our team is here for you every step of the way.

Our attorneys are ready to represent debtors across Southern California. We have locations in Victorville, Riverside, Los Angeles, and surrounding areas. Learn more about our locations.

Schedule your free consultation today by calling (310) 846-8454 or filling out our online form.