FAQ: How Long Does Bankruptcy Stay On A Credit Report?

Susanne M. Robicsek
Charlotte NC Bankruptcy Attorney
1701 Scott Ave., Charlotte NC 28203 
(704) 377-0776

NC Bankruptcy Lawyer in Charlotte North Carolina for Chapter 7 / Chapter 13

How Long Does Bankruptcy Stay On A Credit Report?
 
Credit reports reflect many things about your financial background and it remains on your report until a certain amount of time passes.  Federal Law requires once the time has passed, the item is removed.
 
Chapter 7 bankruptcy is reflected on credit reports for ten (10) years. 
Chapter 13 bankruptcy is on credit reports for seven (7) years.
 
The fact that bankruptcy is on a credit report doesn't mean that lenders won't give credit to someone, so it is very important to work hard to rebuild and reestablish credit.
 
Most public information like judgments and lawsuits can be on the report for seven (7) years after the statue of limitations has expired.  Missed payments on credit cards and consumer debt also remain on the report for seven (7) years
 

The Law Office of Susanne M. Robicsek
1701 Scott Avenue Charlotte North Carolina 28203
phone:704 / 377-0776
fax: 704 / 377-0775
DISCLAIMER: This message is intended as a general discussion of legal issues and not as a statement of fact, legal advice or a legal opinion; Personal opinions may also be expressed. No attorney-client relationship is created by this message; Do not act or rely upon law-related information in this communication without seeking the advice of an attorney licensed to practice in the relevant area.
 
The Law Office of Susanne M. Robicsek is
a Federally Designated Debt Relief Agency
under the Bankruptcy Code.
I file bankruptcy cases for people in financial need,
and have been doing so since 1989.
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Copyright 2008 Susanne Robicsek. All rights reserved.

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Charlotte NC Bankruptcy Lawyer Concentrating In Consumer Bankruptcy Since 1988
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