It should just drop off your credit reports. However, the top three credit bureaus are infamous for inaccurate reporting. When the time comes (and every year before that), obtain a free copy of your three credit reports and make sure they're accurate. This will also prevent you from falling prey to identity theft.
Chapter 7 Bankruptcy will be removed from a credit report 10 years after the date the Bankruptcy was FILED.
A Chapter 7 bankruptcy stays on your credit report for 10 years. Generally a Chapter 13 bankruptcy will be removed after 7 years, but can remain up to 10 years.
A Chapter 7 bankruptcy will remain on the credit report for the requrired ten (10) years. There are not options for having it expunged sooner.
A chapter 7 bankruptcy filing remains on your credit report for 10 years. Chapter 13 bankruptcy remains for seven years. Under chapter 13 bankruptcy you repay at least a portion of the debt, so it is removed a little sooner.
No....10 years from discharge
As far as I'm aware, it is removed automatically after 7 or 10 years from the filing date depending on which chapter you filed.Thanks for using Answers.com!
A Chapter 7 bankrutpcy may display on your credit for 10 years from the date of filing. Chapter 13 may stay for 10 yeas also, but it is customary for those to be removed after 7 years.
10 years from discharge
In California it depends on which Chapter you filed under. 10 yrs on your credit report is the max time.
A Chapter 7 Bankruptcy may stay on your credit report for up to 10 years. A Chapter 13 Bankruptcy may stay on your credit report for up to 7 years. But both may be removed earlier if the information they are reporting is incorrect, incomplete, misleading, or unverifiable.
The rule for refinancing after bankruptcy is that you should wait 10 years after filing bankruptcy even chapter 13 so that the bankruptcy is off of your credit and you can get a better chance of getting the refinance. You could try before it's removed but you will have difficulties.
The amount of time a bankruptcy stays on your credit report after discharge differs between Chapter 7 and Chapter 13 Bankruptcy. With Chapter 7 bankruptcy, the Chapter 7 stays on your credit report for 10 years. Chapter 13 bankruptcy, after discharge, it shows for 7 years on your credit report.