How do I remove bankruptcy from credit report?

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Mark Dennis, Resident Financial Planner

@MarkDennis • 05/11/16 This answer was first published on 04/05/16 and it was last updated on 05/11/16.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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A chapter 7 (full) bankruptcy will remain on your credit report for 10 years. The less severe Chapter 13 (partial) bankruptcy will remain on your credit report for 7 years, since you make partial repayment of debts under a Chapter 13 bankruptcy.

Legal professionals provide a fairly extensive list that explains how long a variety of negative information can remain on your credit report. The time period for bankruptcy reporting begins from the date you filed, unless your case was dismissed and there was no court order discharging our debts. In that circumstance, the clock starts with the date of dismissal.

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