How long does a Chapter 13 Bankruptcy stay on my credit report?

In Virginia, the Chapter 13 Bankruptcy stay on your credit report for seven years from the date of filing. This means that after filing your Chapter 13 Bankruptcy, it will appear on your credit report for seven years. During that time, it will be difficult to get loans, lines of credit, and even some types of employment. When a Chapter 13 Bankruptcy is filed, debt collectors must immediately stop any attempts to collect on those debts. Once a repayment plan is approved by the bankruptcy court, creditors may no longer attempt to collect on the debts. The repayment plan is usually a three- to five-year period, in which you are expected to make payments to the bankruptcy trustee, who will then distribute the funds to creditors. However, even after the repayment period is completed, the Chapter 13 Bankruptcy can still remain on your credit report for the full seven years from the date of filing. This means that, for seven years, it will be difficult to get loans, lines of credit, and even some types of employment. It is important to note that the Chapter 13 Bankruptcy will not stay on your credit report forever. After seven years, the Chapter 13 Bankruptcy will be removed from your credit report, allowing you to begin rebuilding your credit.

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How long does a Chapter 13 Bankruptcy stay on my credit report?

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