How Long Does Bankruptcy Stay on Your Credit Report—And What You Can Do About It
June 20, 2025
How Long Does Bankruptcy Stay on Your Credit Report—And What You Can Do About It
Filing for bankruptcy is a major financial decision that can bring relief from overwhelming debt—but it also comes with long-term consequences. One of the most common concerns is how long bankruptcy will remain on your credit report and what you can do to rebuild your financial health afterward.
How Long Does Bankruptcy Stay on Your Credit Report?
The length of time bankruptcy stays on your credit report depends on the type of bankruptcy you file:
- Chapter 7 Bankruptcy: This remains on your credit report for 10 years from the date you file.
- Chapter 13 Bankruptcy: This type of bankruptcy stays on your report for 7 years from the date you file.
During that time, the bankruptcy notation may affect your ability to qualify for loans, credit cards, or even rental agreements. However, the impact generally lessens over time, especially if you take steps to rebuild your credit.
What You Can Do About It
While you can’t remove a legitimate bankruptcy from your credit report before the timeline expires, there are several proactive steps you can take to improve your credit and financial standing:
- Review Your Credit Report
Make sure your credit report is accurate. Verify that all debts discharged in bankruptcy are marked as such, and check for any reporting errors. - Start Rebuilding Credit
Secured credit cards or credit-builder loans can help demonstrate responsible credit use. Make payments on time and keep balances low. - Pay Bills Promptly
Your payment history makes up a large part of your credit score. Staying current on your bills can gradually improve your score even while the bankruptcy remains. - Avoid New Debt You Can’t Manage
Be cautious about taking on new loans or credit cards too soon. Stick to a realistic budget to avoid falling back into unmanageable debt. - Monitor Your Credit Regularly
Keeping an eye on your credit score and report helps you track your progress and catch potential issues early.
Bankruptcy Is Not the End of Your Financial Story
At Mann Law, we help individuals in Melbourne, Florida navigate the bankruptcy process with clear guidance and compassionate support. If you're concerned about your financial future or how bankruptcy will affect your credit, we can help you understand your options and create a plan for recovery.
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