10 years in the case of a Chapter 7, seven years if you filed Chapter 13.
A bankruptcy will remain on your credit report for 10 years, in the case of a Chapter 7 bankruptcy, or seven years, if you filed Chapter 13. Getting new credit can be difficult while your report still reflects a bankruptcy. Any new credit you obtain is likely to carry higher interest rates. Depending on whether you file Chapter 7 or Chapter 13, the bankruptcy will fall off your report in ten or seven years. However, if none of your accounts are more than ten years old, a bankruptcy may effectively put you in the same spot as an 18-year old with no credit history. The truth: Bankruptcy DOES NOT have to hurt credit scores. It’s true that a bankruptcy filing will stay on your credit report for up to 10 years (typically 7 years if you file under Chapter 7 bankruptcy), but it doesn’t necessarily mean your credit will be in the dumps during that time. If you’ve been thinking about filing bankruptcy, you have probably wondered what your life will be like afterwards. Many consumers assume that, since your credit report will list a bankruptcy for ten years, they’ll be unable to obtain any kind of credit at all. It is true that you’ll deal with the effects of bankruptcy for as long as it stays on your record… but it won’t be as bad as you think. Bankruptcy will also keep you from getting a mortgage loan for two years. After that, if you have taken steps to rebuild your credit, you may be able to obtain an FHA loan with down payment as low as 3% of the purchase price. Chapter 13 Bankruptcy. The bankruptcy itself and the debts associated with the bankruptcy will be displayed differently on your credit report. A completed Chapter 13 bankruptcy will stay on your report for up to seven years, and discharged debts will also stay on the report up to seven years after they are discharged.
http://budgeting.thenest.com/bankruptcy-affect-financially-now-future-23496.html http://www.moneycrashers.com/bankruptcy-affect-credit-score/ http://www.totalbankruptcy.com/overview/faq/bankruptcy-hurt-or-help.aspx http://www.bankruptcylawnetwork.com/how-long-will-bankruptcy-affect-me/ http://www.bankruptcylawnetwork.com/how-long-will-bankruptcy-affect-me/ http://www.moneycrashers.com/bankruptcy-affect-credit-score/
how long does bankruptcy affect me