Credit Reporting Privacy Code 2020, Schedule 1
There’s a time limit on how long they can continue to report on particular things. Credit application and payment default information stays on file for five years.
After a bankruptcy comes to an end (a “discharge” from bankruptcy), credit reporters can continue to report this for four years but no longer, and they must not keep the information about the bankruptcy for more than five years after the discharge. The same time limits apply after you’re discharged from the no-asset procedure (see “When you can’t pay your debts: Bankruptcy and other options”). But if you’ve been made bankrupt twice or more, or been made bankrupt and been through a no asset procedure, that information is kept indefinitely.