3.116- What is the Length of time a bankruptcy will show on a credit history?

Generally most adverse data will be retained on credit reports for a period of 7 years however bankruptcy specifically stays on your credit report for 7 to 10 years contingent on the bankruptcy type. Closed accounts paid as assented will be retained on the aforementioned report for a time span of up to a decade.


It is paramount to be aware that a bankruptcy is filed under either Chapter 7 or 13. These are two of the most typical bankruptcies. Up until the time the bankruptcy is part of your credit report, it leads to significant reverberations. This is especially unerring when talking about the inauspicious impact it can have on credit reports. Thus reflects poorly on one’s ability to acquire a mortgage loan, auto loans etc. In light of the latter proposition, it is unsurprising why one would want to do away with this filing. To sum up, the time span one should keep in mind is a decade when it comes to an approximation of the time till the bankruptcy filing is retained on the individual’s report. Bankruptcy time frame to be considered in case of a home loan would depend upon the loan program.