How is my credit affected after a bankruptcy?
A bankruptcy will stay on your credit report for 7 to 10 years after being discharged. The length of time depends on whether you file a Chapter 7 or 13, and how long your Chapter 13 payment plan is.
Many people are also concerned about their credit score. Because your debt to income ratio can change dramatically after a discharge, some people have found that their credit score has actually gone up after their bankruptcy.
This information has been prepared for general knowledge purposes and is not intended to serve as legal advice.