How many years does a chapter 13 bankruptcy stay on your record?

Answer 1

Yes this question has been asked and answered thousands of times here. First, it makes no difference which State your in...credit reporting is universal. Credit reports are a private service...they simply report historical actions. If you were late on a payment, and it was reported, the fact that you paid it later, or had reason, whatever, makes no difference...they report history of what happened. They do not determine your credit ability, that is determined by the lender using (hopefullY accurate information. Credit reports are purchased by someone/thing for a fee and the request is made for certain standard formats...for certain things for certan periods. Standard reports cost less than custom ones..but custom ones are also available if the lender/reviewer wants to see them. (They can include things like criminal records, if wanted...it is just whatever research and information you want to pa for getting). Standarly, a credit report will include Bankrutpcy filings for the last 1o years (from discharge date). If a lender only cares about 5 years history, which costs less, then that is all they would order and all it would show. Bankrutocy, as a matter of a Federal Court process is a matter of public record, and available to anyone or service that cares to look for much longer than the 10 year standard.