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First of all, a common concern many people have about bankruptcy is how long does bankruptcy stay on a credit report. This concern is valid because our credit reports are used for much more than merely obtaining credit. Your credit report could be a factor used by insurance companies when setting premiums for insurance policies. Credit reports are used by banks when you apply for a checking account. Landlords also use credit reports to determine credit worthiness for a lease agreement. Let’s take a closer look at how bankruptcy impacts your credit report.

1) How Long Does Chapter 7 Stay On Your Credit Report?

10 years. In most cases, a Chapter 7 bankruptcy filing remains on a credit report for ten years from the date the Chapter 7 petition was filed. In addition, you may be interested to read more about the Chapter 7 bankruptcy process. The Fair Credit Reporting Act states that a credit reporting agency cannot report a bankruptcy filing on your credit report for more than ten years from the date the bankruptcy case was filed.

2) How Long Does A Chapter 13 Bankruptcy Stay On Your Credit Report?

7 years. Generally, a Chapter 13 bankruptcy filing remains on a credit report for seven years from the date the Chapter 13 petition was filed.


Being in the industry for a long time, we found that many people can choose the wrong debt relief option. Why?

Unfortunately, there is a lot of information, costs, and pros and cons to consider, so it’s hard to go through all the different debt relief options.

As such, we built the following bankruptcy calculator to help you determine what is the best option for you based on your information. It compares Chapter 7, Chapter 13, Debt Management, Debt Settlement and Debt Payoff Planning. We can also guide you through the different debts that are potentially dischargeable and those that are not, which we will discuss below.

4) How Does The Credit Reporting Agency Find Out About My Bankruptcy Filing?

Furthermore, bankruptcy filings are public record. Credit reporting agencies routinely check the bankruptcy court records for bankruptcy filings. A credit reporting agency should verify that the Social Security Number reported on your bankruptcy case matches the Social Security Number on your file. 

Once the credit reporting agency verifies that it was you who filed the Chapter 7 or Chapter 13 case, the agency reports the bankruptcy case on your credit history.

When you file a Chapter 7 bankruptcy case, your credit report should be updated to show the accounts that were included in the bankruptcy filing. A notation “account included in bankruptcy” typically appears as the status of the account. Once your Chapter 7 case is discharged and closed, the status of accounts with discharged debts is updated to read “discharged in bankruptcy.”

Accounts included in Chapter 13 cases should be handled in the same manner. However, because you enter a debt repayment plan, the status is not changed until you complete the repayment plan and receive a discharge.

Each credit reporting agency has different procedures for reporting information on your credit report. However, all credit reporting agencies must follow the laws regarding fair credit reporting practices. 

When Does My Bankruptcy Filing Show Up On A Credit Report?

Your bankruptcy filing could show up on your credit report within days of the filing of your Chapter 7 or Chapter 13 bankruptcy petition. The timing depends on how often the credit reporting agency checks the bankruptcy records for new filings.

Regardless of when the credit reporting agency adds the bankruptcy filing to your credit file, the bankruptcy filing should be removed within ten years from the “filing date” of your bankruptcy petition.

5) How Can I Get A Bankruptcy Filing Removed From My Credit Report?

You cannot remove accurate negative information from your credit report. Therefore, you cannot have the bankruptcy filing removed from your credit report unless you did not file for bankruptcy relief.

You can request an investigation or dispute incomplete or inaccurate information. If the investigation reveals the information is inaccurate, the credit reporting agency must remove the information or correct the information on your credit report. 

If your bankruptcy case has been discharged and the time has passed for the bankruptcy case to be removed from your credit record, you can send a copy of your bankruptcy discharge to the credit reporting agency to request that the bankruptcy case be deleted from your record.

6) How Long Does a Credit Account Stay On My Credit Report After Bankruptcy?

Credit accounts discharged in bankruptcy should be removed from your credit report seven years from the original delinquency date. If an account is not removed after that date, you should contact the credit reporting agency.

You may see a credit account was included in your bankruptcy and is not showing on your credit report or discharged in bankruptcy. If that is the case, contact the individual creditor. You may also provide the individual credit reporting agencies with copies of your bankruptcy forms that prove the account was included. 

7) How Does The Bankruptcy Filing Impact My Day-to-Day Financial Management? 

In many cases, a person’s credit score has already been damaged by the time the person files for bankruptcy relief. Late payments, debt collections, and other negative information lowers the credit score. Filing bankruptcy also lowers a credit score, but the drop in the credit score depends on the person’s credit score when he or she filed for bankruptcy relief.

After your bankruptcy case is complete, you can begin rebuilding your credit rating. Tips for improving credit scores after bankruptcy include:

  • Obtain free copies of your credit reports and review each report for errors or mistakes. Work with your creditors and the credit reporting agency to correct errors. You can obtain free copies of your credit reports every 12 months. Continue to monitor your reports each year for errors.
  • Make all payments on time. Late payments can seriously hurt your credit score.
  • Create and live within a budget. Financial management is the key to handling debt effectively. Your Debtor Management Course gives you tools and information about budgets.
  • Use online budgeting and money management tools to make it easy to budget and manage money.
  • Apply for a secured credit card. You are required to deposit money with the company, but it’s a good way to begin rebuilding credit after bankruptcy. Just make sure the credit card company reports the account to the credit reporting agencies.
  • Review information from the Federal Trade Commission and to learn more about credit reports and how to improve credit scores.

Contact Ascend for More Information About Debt Relief Options

If you need help with debt, we are here for you. Ascend has tools, resources, and information regarding debt-relief options, including debt settlement, bankruptcy, and debt management

You can contact Ascend by calling or texting us at 833-272-3631 if you have questions or need help with debt.

Post Author: Ben Tejes

Ben Tejes is a co-founder and CEO of Ascend Finance. Before Ascend, Ben held various executive roles at personal finance companies. Ben specializes in Chapter 13 Bankruptcy, Debt Settlement, Chapter 7 Bankruptcy and debt payoff methods. In his free time, Ben enjoys spending time going on adventures with his wife and three young daughters.

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