Does it really take ten years for a bankruptcy to come off your public record?

Answer by  jh (138)

The rule of thumb is that any credit blemish, including bankruptcy, will remain on your credit report for a minimum of 7 years. Keep in mind, however, that positive steps you take towards rebuilding your credit will also appear on your report and may help reduce the impact of bankruptcy.

Answer by  Mary (2095)

This depends on the type of bankruptcy. If you have a copy of your credit report, it will most likely say when the entry will expire.

Answer by  TheAnswerFairy (2345)

Yes, your bankruptcy will remain on your credit history for 10 years. After 10 years, in most cases, it will be removed.

Answer by  Rose (6804)

Yes, according to law a bankruptcy will stay on your record for ten years and sometimes longer if you have not had the debts discharged. You may work with your creditors to help get it off sooner but the chances are slim to have that happen. Bankruptcy is a serious thing.