Recovering From Bankruptcy
While bankruptcy has a significant impact on your credit score, its effect decreases over time. Most Chapter 7 bankruptcies stay on your credit report for 10 years, while Chapter 13 bankruptcies typically stay for 7 years.
The road to recovery begins immediately after your discharge. By practicing good financial habits, such as paying all your bills on time and keeping credit card balances low, you can start rebuilding your credit score much sooner than you might think.