How long does bankruptcy stay on my credit report?


Quick Answer

A bankruptcy may take up to 10 years to fall off of a consumer credit report, according to FICO. During this time period, anyone who performs a credit check can see the consumer's bankruptcy information.

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How long does bankruptcy stay on my credit report?
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Full Answer

The United States Courts website explains that Congress enacts bankruptcy laws in order to give debtors a fresh start when dealing with crippling debt. While bankruptcy provides certain benefits, it also has long-lasting repercussions for consumers. The Maryland State Bar Association advises people who file for bankruptcy to monitor their credit scores fastidiously to ensure that all information on their reports is correct. They can then begin rebuilding their financial health.

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