How Long Is Bankruptcy on Your Credit Report? | Capital One

October 17, 2023 |6 min readThere are several types of bankruptcy, but Chapter 7 and Chapter 13 are the two most common types of bankruptcy that individuals struggling with debt can file. Chapter 7 bankruptcy involves selling property to pay back creditors, while Chapter 13 bankruptcy involves repaying debt through a bankruptcy plan. These two chapters may function differently, but they both have long-lasting negative impacts on credit and finances. And both are often considered last resorts.Key takeaways A Chapter 7 bankruptcy may stay on credit reports for up to 10 years from the filing date, while a Chapter 13 bankruptcy generally remains for seven years from the filing date. Even though the impact on credit scores may diminish over time, bankruptcy can continue to affect credit for as long as it’s part of someone’s credit reports. It’s possible to rebuild credit after bankruptcy, but it will take time.Monitor your credit for freeJoin the millions using CreditWise from Capital One.S...