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How Long Does Bankruptcy Stay on Your Credit Report?

If you are thinking about bankruptcy, you have most like wondered how long it will stay on your credit report.

Many people think that bankruptcy is the end of their financial road, and that any future financial success is impossible.

As a result, we receive questions about the best ways to move forward after bankruptcy. Specifically we’re asked, “How long does bankruptcy stay on your credit report?”

While bankruptcy does have an impact on your credit report and score, it doesn’t last forever.

So, it is very possible to move on and rebuild after the bankruptcy process.

To help clear things up, we’ll explore what happens to your credit score after bankruptcy, how long it stays on your credit report, and outline a few basic tips for a fresh financial start.

What Determines Your Credit Score

Credit scores are generated based on available information on your credit report. This means that a it will affect your credit score as long as it still appears on your report.

Once a bankruptcy is completely removed from your report, you will begin seeing improvement in your score.

Chapter 7 and Chapter 13 are the two categories of bankruptcies that consumers can file. Each stays on your credit report for a slightly different duration.

How Long Chapter 7 Bankruptcy Stays on Your Credit Report

Chapter 7 bankruptcy remains on your credit report for 10 years. After this time, the bankruptcy and any related accounts will be removed automatically.

This length of time is due to the fact that the debt is not repaid.

How Long Chapter 13 Bankruptcy Stays on Your Credit Report

Chapter 13 bankruptcy should disappear from your credit report after 7 years.

Because you agree to a 3 to 5-year repayment plan as a part of chapter 13 bankruptcy, accounts that were delinquent before the official bankruptcy filing may be removed from your credit report sooner than 7 years.

Rebuilding Your Credit Score After Bankruptcy

Just because bankruptcy stays on your credit report for a number of years does not mean you cannot immediately start taking steps towards rebuilding your credit.

Clients have many options to start rebuilding their credit score after bankruptcy, including:

  • Using a Secured Credit Card: Secured credit cards are great options because they work by allowing you to deposit a specific amount of money into a bank account that serves as your credit limit. This allows you to build credit while paying down debts quickly.
  • Sticking to a Monthly Budget: With focus on building a monthly budget, watching spending habits, and paying bills on time, it is possible to have excellent credit again in the future.
  • Following Up on Your Credit Report: Once the 7 or 10-year time span has passed, it’s also vital to check your credit reports to make sure the bankruptcies have been removed, and the correct accounts have been reported as discharged.

Credit Rebuilding from Parker & DuFresne

At Parker & DuFresne, we believe there is life after bankruptcy.

Our goal is to get clients in Jacksonville, FL and the surrounding areas back on track as quickly as possible, which is why we offer our clients a free credit rebuilding program.

This program is valued at over $1,000. It has helped our clients restore their credit in just 12-24 months after bankruptcy.

Our credit rebuilding program is specifically tailored for our post-bankruptcy clients.

By completing it, you’ll learn how to:

  • Avoid credit repair scams
  • Replace old credit with better credit entries
  • Build credit using low credit lines
  • Update your credit score data with the bureaus
  • Fix errors on your credit report

We want to give you the knowledge, tools, and motivation to rebuild your financial future.

If you are thinking about filing, and would like more information on how long bankruptcy stays on your credit report, and how it will affect your credit score, contact us today.


Schedule Your Bankruptcy Consultation with Parker & DuFresne


If you have any other questions about the process of filing for bankruptcy, be sure to contact an attorney or credit counseling service for more information.

Contact us today to learn more!

If you’re thinking about filing for bankruptcy in Florida, it’s important to meet with a bankruptcy attorney. You can better understand your specific situation and the types of relief that might be available to you.

Call us today for a free consultation and we’ll get you on your path toward financial freedom.

Where Can I Find Help?

Dealing with bankruptcy doesn’t have to be a single-person job. The bankruptcy lawyers at Parker & DuFresne will help you determine the best course of action to help you get out from under your debt and move forward to a debt-free future.

Call today at 904-733-7766 for a free consultation, or click the button at the top of the page to schedule online.

Parker and DuFresne

Parker and DuFresne