Many of our Massachusetts bankruptcy clients ask how much will a chapter 7 bankruptcy harm their credit score. Will it really stay on my credit report for ten years? Will I be unable to get credit during that time?
While the fact that you filed for personal bankruptcy may stay on your credit report for a decade, it should matter less and less to your score as time goes on. This is because your credit score is a function of your recent credit history, not your ancient credit history. Read more