Mark Dennis, Resident Financial Planner
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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