CREDIT REPORTS AFTER BANKRUPTCY

At some point, every person considering a Chapter 7 or Chapter 13 bankruptcy asks us how long a bankruptcy will be reported on their credit report. This is an important question. Your bankruptcy can be reported on your credit report for 10 years from filing. Also, if you file a bankruptcy and voluntarily dismiss it before the discharge, both the filing and the dismissal will be reported. It is worth noting that if you have an income you will likely be more credit worthy after the bankruptcy than you were before, because your future earnings will no longer have to be spent paying off your old debts. Negative history on your credit report does not permanently prevent you from getting credit. There are a number of ways to build better credit, most importantly saving and using credit carefully. Check back soon for tips on building your credit and improving your credit score.