The Duration Of A Bankruptcy On Your Credit Report
Check out this video to learn about the duration of a bankruptcy on your credit report in South Jersey. Then call us for a free consultation.
Question:
How long does a bankruptcy stay on my credit report?
Answer:
I got a phone call the other day from a potential client wanting to file for bankruptcy. One of the big questions that a lot of people have and is foremost in their concerns is, “How long does a bankruptcy stay on my credit report?” It would depend on the type of bankruptcy filed. A Chapter 7 bankruptcy will reflect on your credit report for up to ten years, and a Chapter 13 for seven years. During that time, it’s important to know that your credit health will improve, your credit score will improve, and you can actually be approved for a mortgage or a car loan within two years.
Are you or a loved one dealing with a mountain of debt and have questions about the duration of a bankruptcy on your credit report? Contact experienced South Jersey bankruptcy lawyer Andrew Carroll of All Jersey Bankruptcy today for a free consultation and case evaluation.
We are dedicated to giving you the answers that you need in order to make an informed decision about whether bankruptcy is the best decision option for you.
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