Bankruptcy can devastate your credit scores. Fortunately, there is hope for repairing credit and rebuilding a favorable financial report.
A bankruptcy filing can remain on a credit report for up to 10 years. Credit scores will take the biggest amount of damage from bankruptcies in the initial months after bankruptcy is filed. However, as time passes the negative impact the filing has on scores will drop until the effect is insignificant, especially if lengths are taken to improve the credit score and prove financial responsibility.



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