> it's well known bankruptcies stay on your credit report for 10 years. That isn't exactly true! Chapter 7 bankruptcy remains on your report for up to 10 year

> it's well known bankruptcies stay on your credit report for 10 years. That isn't exactly true! Chapter 7 bankruptcy remains on your report for up to 10 years, and Chapter 13 stays there for up to seven years. [1] Chapter 7, which is known as liquidation bankruptcy, involves selling some or all of your property to pay off your debts. This is often the choice if you don't own a home and have a limited income. Chapter 13, also known as a reorganization bankruptcy, gives you the chance to keep your property (including secured assets like your home and car) if you successfully complete a court-mandated repayment plan that lasts between three and five years. [1] https://www.experian.com/blogs/ask-experian/bankruptcy-chapter-7-vs-chapter-13/ https://www.experian.com/blogs/ask-experian/bankruptcy-chapt...