How to Remove Bankruptcy After 7 Years

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When Bankruptcy Should Drop Off

Chapter 7 bankruptcies don’t come off your credit report for 10 years. The seven-year rule applies only to Chapter 13 bankruptcies. The clock begins ticking on the date you filed your bankruptcy petition, not the date of the discharge.

Dealing With Late Removal

If you have to reach out to one or more of the credit agencies because your bankruptcy is still showing up on your credit report, and you were denied credit in the meantime because of this, you can request that a corrected report be sent to the creditor. If a potential employer accessed your credit report, you have up to two years from the date the bankruptcy should have been removed to ask for a corrected report be forwarded to the company.

References

About the Author

Beverly Bird is a practicing paralegal who has been writing professionally on legal subjects for over 30 years. She specializes in family law and estate law and has mediated family custody issues.

Photo Credits

  • Andrey Popov/iStock/Getty Images