One of the most common questions that I get during a free initial consultation is how long will my bankruptcy remain on my credit report. The answer depends on the type of bankruptcy that you file.
Chapter 7 Bankruptcy
If you filed a Chapter 7 bankruptcy then your bankruptcy will appear on your credit report for a period of ten (10) years from the date that you filed.
Chapter 13 Bankruptcy
If you filed a Chapter 13 bankruptcy then your bankruptcy will appear on your credit report for a period of seven (7) years from the date that you filed.
What if I dismissed my Case or didn’t go through with it
Sometimes debtors will file for bankruptcy in bad faith to stop a foreclosure sale, and then not follow through and the case gets dismissed. If your case is dismissed it won’t make a difference the bankruptcy filing appearing on your credit report. It will still appear and be subject to the same timelines above.
If you are thinking of filing for bankruptcy in South Florida and would like to speak with an experienced Chapter 7 and Chapter 13 bankruptcy attorney then please contact Shmucher Law, PL, and attorney Ofer Shmucher. We offer free consultations seven days a week and can be reached at 954-309-5559 or 305-741-5553.