how long does bankruptcy stay on public record
A common concern for people considering bankruptcy is how long it will stay on their record. The answer depends in part on the type of bankruptcy a person files. If you file Chapter 7 bankruptcy, the fact that you filed bankruptcy will likely remain on your credit report for ten years. If you file for Chapter 13, your bankruptcy will probably stay on your credit report for seven to ten years. You can learn more about life after bankruptcy by contacting a local bankruptcy lawyer today. To arrange a free consultation with an attorney in your area, simply fill out the quick case review form below:
Under the federal Fair Credit Reporting Act, bankruptcies can be reported for 10 years from the filing date (not the discharge date, which comes later). However, all three major credit reporting agencies will remove Chapter 13 bankruptcies seven years from the date the case was filed.