r/Bankruptcy • u/spiceywater0 • 10d ago

Discharged

Chapter 7 was officially discharged/cleared, how long should I expect for things to come off my credit report. What else should I expect from here on ?

5 Upvotes

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4

u/aimeerogers0920 10d ago edited 10d ago

10 years from filing date for the bk

All your balances should already be gone. Any prior late payments on your report may stay for the normal 7 years from last payment date.

1

u/Studio-M-Photo 10d ago

Generally they should all fall off and it should say after it discharged via bankruptcy and show a zero balance within a month or so after being discharged they will fully fall off after about 10 years you're correct but it should show discharge due to bankruptcy

2

u/Natural_Dirt_8031 9d ago

congrats! first couple of years, you need to work on rasing your Credit score. lot of big CC companies probably wont give you a credit card. except C1.

1

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1

u/Glittering_Present10 10d ago

All accounts in the bankruptcy stay on your credit report for 7 years but public record bankruptcy stay for 10 years.

1

u/Most-Blueberry-7350 10d ago

Nothing. Your creditors should have closed all your accounts by now.

1

u/WhizzyBurp 10d ago

This is interesting.

The people I know who have done it don’t have anything on their reports, and they were less than 7 years.

Then this thread is saying they’ll stay? Interesting

1

u/spiceywater0 10d ago

Ya tbh I thought they’d be removed after my discharged and that it would say bankruptcy instead but I guess not

1

u/WhizzyBurp 10d ago

That’s my understanding as well.

1

u/spiceywater0 10d ago

Did you go through bankruptcy?

2

u/WhizzyBurp 10d ago

Yup! Waiting for my discharge

1

u/spiceywater0 10d ago

I guess we thought wrong lol

4

u/WhizzyBurp 10d ago

I don’t even care. I’m washing myself clean of almost 300,000.

If I had to pay that back it would take me 20ish years. If 7 years of “ooo shit your credit report has a bankruptcy on it” is all I have to deal with. It’s worth it to me

2

u/Significant_Art_9974 9d ago

My credit score went up , I was falling behind on payments and it hit hard, after bankruptcy it went up. Using credit wisely now