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How Long Does Bankruptcy Stay on Your Credit Report?

Blog Post05/19/2021
Credit Advice Credit Report Basics Credit Score Basics Financial Hardship

If you’ve made the hard choice to file for bankruptcy, you may be wondering about the impact on your credit. Specifically, how long does bankruptcy stay on your credit report? As you’ll see below, it primarily depends on the type of bankruptcy.

When is bankruptcy removed from your credit report?

A Chapter 7 bankruptcy can stay on your credit report for up to 10 years from the date the bankruptcy was filed, while a Chapter 13 bankruptcy will fall off your report seven years after the filing date.

After the allotted seven or 10 years, the bankruptcy will automatically fall off your credit report.

Where does bankruptcy appear on your credit report?

If you’ve declared bankruptcy, it will appear in the public records section of your TransUnion credit report. You may also see references to your bankruptcy within the account information section, as your creditors may report one or more of your accounts as included in bankruptcy.

Can you remove bankruptcy from your credit report?

In most cases, no: You cannot remove a bankruptcy from your credit report. Remember, it will be removed automatically after seven or 10 years, depending on the type of bankruptcy you filed.

In the rare case that the bankruptcy was reported in error, you can get it removed. It’s fast and easy to dispute your information with TransUnion. If you see a bankruptcy on your credit report that you didn’t file, here’s how to dispute your credit report.

How can you rebuild credit after bankruptcy?

Declaring bankruptcy is a major decision, and it can have a big impact on your credit profile. But, its effects won’t last forever. To learn more about how you can improve your credit health, one step at a time, check out this blog on how to rebuild your credit history.

Disclaimer: The information posted to this blog was accurate at the time it was initially published. We do not guarantee the accuracy or completeness of the information provided. The information contained in the TransUnion blog is provided for educational purposes only and does not constitute legal or financial advice. You should consult your own attorney or financial adviser regarding your particular situation. For complete details of any product mentioned, visit transunion.com. This site is governed by the TransUnion Interactive privacy policy located here.

What You Need to Know:

There are various types of credit scores, and lenders use a variety of different types of credit scores to make lending decisions. The credit score you receive is based on the VantageScore 3.0 model and may not be the credit score model used by your lender.

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