Seven to ten years?

Bankruptcy stays on your report for 10 years. I think it is from the date of discharge.

Hi,
It Measured from the date of discharge. It should be the filing date. but not.

Yes, it stays on your file for pretty much 10 years and it is after the date of discharge. You don't want to go through this...I would rather go through debt consolidation or debt settlement before even considering bankrupcy. It will also look real bad on your credit when you try to buy something...just think twice before you commit to it:)

I filed for bankruptcy a few years ago but was in the middle of paying off a car. I don't know if it was keeping the car and paying it off after the discharge that helped - but my credit score is actually much higher than some of my friends that are still struggling with paying off debt. While I still have debts I need to pay because of medical bills and debts incurred after college, everything is current. I think you need to do what is best for you. While a bankruptcy does stay on your record for quite sometime - if you are smart with your money and finances afterwards, you can come out of it. Since the bankruptcy, I was able to purchase a car for my fiance (he pays for it, but was not able to get the loan... and he just has a card that was late a few times). I have also been approved for a mortgage (but I'm in NO place to take that out yet). I struggle with my current payments to keep my head above water, but I want to maintain as healthy of a record as possible until this bankruptcy gets off of my record.

Hi Ehwin

You must have realized by now that even after filing bankruptcy, you have been able to repair your credit because of the smart financial decisions made thus far. The regular and timely payments are a very important factor in this regard. Don't take additional credit until you have paid off all your past accounts. By that time, you will see your credit scores to the maximum.

I certainly have learned the lesson of no new credit until past credit is paid off. It's so easy to apply for credit, but never as simple to get rid of the piling debt. Any option out there is going to require educating oneself about smart money choices. After all debts are paid off, I'm going to use the money I won't be paying towards high interest rates to start saving up for a down payment on a house so I can get out of the rent cycle too!

I heard seven, from when my ex filed. It may depend on the type of bankrupcy filed.