How long is Chap 13 bankruptcy on a credit report after it is closed?
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How long is Chap 13 bankruptcy on a credit report after it is closed?
Asked on February 20, 2012 under Bankruptcy Law, Massachusetts
Answers:
Malissa Walden / Kansas City Bankruptcy Attorneys Walden & Pfannenstiel, LLC
Answered 12 years ago | Contributor
A common question people ask their bankruptcy attorney when considering bankruptcy is, “how will bankruptcy affect my credit report?” A bankruptcy filing is certainly going to have a negative impact on your credit report; however, if you have already been missing payments and have negative accounts on your report, your credit report is already hurting you.
A bankruptcy case will be reported under the public record section of your credit report. This same section of your credit report is where court cases involving creditor judgments are listed. A Chapter 13 bankruptcy case will be reported in the public records section for 7 years from the filing date of the bankruptcy case.
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