Bankruptcies
How long does a bankruptcy stay on a credit report?
Chapter 7 will remain on a credit report for 10 years, even if it has been dismissed or discharged. Chapter 13 also stays for 10 years, but if dismissed it is removed after 7 years.
What does it mean when a bankruptcy is discharged or dismissed?
If the case is dismissed then the debtor goes back to owing the same amount that was owed before the bankruptcy was filed.
In contrast, a discharge is when the debtor is not responsible for his/her unsecured debts any longer.
Can you permanently remove chapter 11 from credit report?
Yes. We permanently delete Chapters 7, 13, and corporate chapter 11 bankruptcies from your credit report. It’s important to understand that we are not removing bankruptcies from the actual court records, only from the credit reports. Fortunately, lenders do not research court records and will not know about your bankruptcy if it is not on your credit report.
Are all of the accounts that were listed in my bankruptcy included in the price to delete the bankruptcy itself?
No. These accounts are considered collection accounts and must be dealt with on an individual basis. Please see our Collections section for further information.
How long will it take to delete my bankruptcy?
On average it takes 10-12 business days per bankruptcy. Please see our “Timing” section in our Overview.