Can I remove a bankruptcy from my credit report?

No, you generally cannot remove a bankruptcy from your credit report until the appropriate amount of time has passed, at which point it may be automatically removed. Depending on the type of bankruptcy, it will be removed up to 10 years from the date that you filed.

For a Chapter 13 bankruptcy, because some of the debt must be paid, it stays on the credit report for seven years. A Chapter 7 bankruptcy, on the other hand, does not require that any of the debt be repaid, so there is no getting around the 10 years.

If you filed for bankruptcy without completing it, though, you may be able to get it removed from your credit history before the seven or 10 year period is through.

Sometimes the courts will vacate the filing and treat it as if it never happened so that you may then apply for a loan or for a job that requires a good credit history. If the court can vacate it, it will not appear on your credit history or public record. If it does happen to appear, you can dispute it with the credit reporting agencies.

Contacting a Plano Bankruptcy Attorney

Some people file for bankruptcy as a strategy to stay in their home when it faces foreclosure or if they are simply unable to meet their debt obligations. But bankruptcy can affect your credit score and can your credit in general for a long period of time. Before making the decision to file for bankruptcy, you may choose to look into other options that may help salvage your credit score and get you out of a bad situation.

Contact a Plano bankruptcy attorney at Warren & Migliaccio, L.L.P at (888) 584-9614 to discuss filing for bankruptcy and when you might expect to remove the bankruptcy from your credit report.