Dallas Bankruptcy: How long will it stay on my credit report? It depends on what Chapter you file under. Chapter 13 bankruptcy cases will stay on a credit report for seven years from the date the case is filed. Most Chapter 13 bankruptcy cases last five years, so after the case is completed the bankruptcy will be on your credit report for two more years. Chapter 7 bankruptcy cases remain on a credit report for ten years from the date the case is filed.
It’s important to understand that having a bankruptcy listed on a credit report doesn’t necessarily guarantee a bad credit score. Credit reports are made up of many positive and negative notations. A bankruptcy is just one notation. Most of my clients tell me that their credit score is higher a year after filing bankruptcy than it was before filing because they have discharged their debts and are better able to pay their bills on time.