How long will a bankruptcy stay on my credit report?

In Maryland, a bankruptcy will stay on your credit report for up to 10 years. This is because the length of time a bankruptcy will remain on your report is determined largely by the type of bankruptcy you file. If you file for Chapter 7 bankruptcy, which is also referred to as a "liquidation" or "straight bankruptcy," the bankruptcy will remain on your credit report for up to 10 years. This is generally the most common type of bankruptcy where you are able to discharge most unsecured debt. If you file for Chapter 13 bankruptcy, which is also known as a "reorganization" bankruptcy, the bankruptcy will remain on your report for up to 7 years. With this type of bankruptcy, you are able to keep some of your assets as long as you are able to work out a repayment plan with your creditors. It is important to note that there are some steps you can take to help rebuild your credit after a bankruptcy. This includes making payments on time, working to reduce your debt, and being mindful of your spending habits. Additionally, there are credit repair companies that may be able to help you repair your credit over time.

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How long will a bankruptcy stay on my credit report?

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