How long does bankruptcy stay on my credit report?

The length of time that a bankruptcy stays on your credit report depends on the type of bankruptcy you filed. A Chapter 7 bankruptcy will typically stay on your credit report for up to 10 years from the date of filing, while a Chapter 13 bankruptcy will remain on your credit report for up to 7 years from the date of filing.

While a bankruptcy can have a negative impact on your credit score, its impact will lessen over time as long as you take steps to rebuild your credit. It is possible to start rebuilding your credit soon after filing for bankruptcy by obtaining a secured credit card, making timely payments, and keeping your credit utilization low. Working with a reputable credit counselor or financial advisor can also help you develop a plan to rebuild your credit and achieve your financial goals.

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