How Long Do Bankruptcies Remain on Credit?

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Bankruptcies can remain on credit histories for five to 10 years, depending on whether the individual filed for chapter seven, 13 or 11. Find out how long it takes to eliminate bankruptcy from credit history with information from a financial manager and currency trader in this free video on finance.

Part of the Video Series: Credit Information & Tips
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Video Transcript

Hi, I'm Roger Groh, and we're here today, to talk about how long bankruptcies will remain on your credit history. Well, it really depends upon the type of bankruptcy that you file, because it can be up to ten years, depending upon whether it was Chapter 7, Chapter 13, or Chapter 11, five to ten, depending upon the type of bankruptcy that you filed. Be sure that your credit history is up to snuff. Be sure that in the credit history, you have reported all the good things that have happened, not just the bad, and then you just have to wait it out, but for sure, when that period ends, you want to be writing to that credit company, and ask them to remove any history that's old, so it doesn't show up on your credit report. Now, I'm Roger Groh, and that's how long bankruptcies, will remain on your credit history.

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