24/7
Premier NYC Attorneys
(718) 206-1555
Recent Cases
Brukina Faso
17,000,000
NYC Sidewalk Premises
900,000
Sara B.
320k Discharge
Lincoln Sq. Co.
2,000,000

How Long Will Chapter 7 Bankruptcy Stay On My Credit Report in NY

By Dan Rose
Updated on April 2, 2024
Share Legal Wealth

Chapter 7 bankruptcy can have a significant impact on your credit report and credit score, but the duration of this impact varies. Here’s how long Chapter 7 bankruptcy typically remains on your credit report:

  1. Length of Time on Credit Report:
    • Chapter 7 bankruptcy can remain on your credit report for up to 10 years from the date of filing. This means that it will be visible to lenders and creditors who review your credit report during this period.
  2. Impact on Credit Score:
    • Chapter 7 bankruptcy can cause a substantial decrease in your credit score. The exact impact depends on various factors, including your credit history before the bankruptcy, the amount of debt discharged, and your overall financial situation.
    • Initially, your credit score may drop significantly after filing for Chapter 7 bankruptcy. However, as time passes and you demonstrate responsible financial behavior, the negative impact on your credit score may lessen.
  3. Rebuilding Credit:
    • Despite the negative impact of Chapter 7 bankruptcy, it’s still possible to rebuild your credit over time.
    • You can start by responsibly managing any remaining debts, such as secured loans or reaffirmed debts, and making timely payments.
    • Additionally, you may consider obtaining a secured credit card or a credit-builder loan to establish new positive credit accounts.
    • Consistently practicing good credit habits, such as paying bills on time and keeping credit card balances low, can gradually improve your credit score over time.
  4. Creditworthiness to Lenders:
    • While Chapter 7 bankruptcy may remain on your credit report for up to 10 years, its impact on your creditworthiness may diminish over time.
    • Lenders and creditors may be more willing to extend credit to you as they see evidence of responsible financial behavior and an improved credit score.

Debts such as child support, alimony, most student loans, and certain tax debts are typically not discharged. A Chapter 7 bankruptcy is typically removed from your credit report 10 years after the date you filed, and this is done automatically, so you don’t have to initiate that removal.

Section 1681 et seq., is the law that controls credit reporting agencies. The law states that credit reporting agencies may not report a bankruptcy case on a person’s credit report after ten (10) years from the date the bankruptcy case is filed. Generally, bad credit information is removed after seven (7) years.

How much will credit score increase after Chapter 7 falls off?

After your bankruptcy filing falls off your credit report, your FICO score calculation could show a 30-to-100-point increase depending on the other information on your report.

How do I get my credit back after Chapter 7?

You can rebuild your credit after bankruptcy in several ways, including applying for a secured card, getting a credit-builder loan and becoming an authorized user on a credit card. Experian, TransUnion and Equifax now offer all U.S. consumers free weekly credit reports through AnnualCreditReport.com.

Refiling For Chapter 7 Bankruptcy

If you were able to successfully discharge yours debts under Chapter 7 bankruptcy, you will not be able to refile successively under Chapter 7 for eight years from the original date in which you first filed.

Removing Errors From Your Credit Report

When you find errors on your credit history related to bankruptcy, you should dispute them immediately. You will need to reach out to any of the three credit reporting agencies that show incorrect information. You can contact these agencies online or by mail. It’s best to do so by mail because the agencies’ online forms frequently make you agree to clauses that prevent you from suing. Sending the dispute by mail also leaves a paper trail. The Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) both have templates for writing the letter.

Your letter should include your personal information like your name, credit report number, date of birth, and address. Be sure to date the letter, so you know when the timeline starts to hear a response. You can include your Social Security number and driver’s license number, but these aren’t required. Then include information related to the dispute such as:

  • The account number
  • The dates of the disputes
  • Which company is responsible for the dispute
  • A numbered list of items to correct
  • An explanation of all of the inaccuracies
  • A list of documents that you are using to support your claim.

Dispute Timeline

The FCRA gives the credit bureau 30 days to review the dispute and another five days to report the results of the investigation to you. If the bureau agrees with your dispute, it will send you the results of the investigation, along with a free credit report. But it could take several months for your credit report to reflect the changes. So keep checking your credit report and follow up if you don’t see the change. If the error remains for too long, you can reach out to the CFPB.

If the credit bureau disagrees they still need to provide you an answer within the required time frame. But if they disagree, they won’t remove the information. Even so, you can ask to include a statement regarding the dispute on your future reports.


If you are concerned about your credit report after filing for chapter 7 bankruptcy or seek to file bankruptcy for the first time please contact one of our NYC bankruptcy lawyers now by filling out the adjacent contact form.

Queens Corporate Office Directions:

Brooklyn, NY Bankruptcy Law Office:

1172 Coney Island Ave 2nd floor, Brooklyn, NY 11230

Share Legal Wealth
GET A FREE CONSULTATION

Contact Us
8245 N. 85th Way Scottsdale, AZ 85258
Head Office AZ
+1 877-615-1725
info@consumerattorneys.com