Chapter 7 Bankruptcies remain on your credit report for 10 years and Chapter 13 bankruptcies remain on your credit report for 7 years. Although this is a long time, you should consider how your current report looks. If your credit report is full of late and missing payments and overextended debts, a bankruptcy may not make much difference on your report.
Many people get credit cards, car loans, and buy houses after their bankruptcy. Discuss how your situation may be affected when you meet with your attorney.
Ted Machi is Board Certified* in Consumer Bankruptcy law by the Texas Board of Legal Specialization. For over thirty-five years, he has helped the little guy in the DFW metroplex through effective, determined, professional representation.