How long does a disghared bankruptcy stay on record?

Answer 1

BK, as a matter of Federal Court records, is available almost indefinately. Virtually all credit reports from the major credit agencies will report it for 10 years from discharge, in their normal format. As information services, a longer, or shorter, time period may be requested and provided, depending on what the requester wants to pay for.

Answer 2

You may be referring to the duration of an action under the Bankruptcy Code. The duration of an action under the Code is from the commencement of the action (usually the filing by the debtor of the bankruptcy petition) through administration of the bankruptcy estate, discharges or reorganization of the bankrupt's debts, to dimissal of the case.

You may also be referring to the automatic stay. The automatic stay (Title 11, United States Code, section 362) is a very important provision of the Bankruptcy Code. The automatic stay is essentially an equitable injunction issued by the Bankruptcy Court, an "automatic" consequence of the filing of the petition.

11 U.S.C. §362(a) sets forth that

"[e]xcept as provided in subsection (b) of this section, a petition filed under section 301, 302, or 303 of this title, or an application filed under section 5(a)(3) of the Securities Investor Protection Act of 1970, operates as a stay, applicable to all entities...."

and proceeds to define at length the applicability of the automatic stay.

The automatic stay enjoins creditors of the bankrupt from the further pursuit of collection activity against the bankrupt and the bankruptcy estate. The stay remains in effect unless and until the creditor successfully motions a court to set aside the automatic stay as to the debt in which they have an interest, at which point the creditor may lawfully resume collection activity.

Your attorney handles the effect of the automatic stay on yourself and your creditors.

Answer 3

Bankruptcy will stay on your record for 10 years

Answer 4

It can be listed on credit reports for up to 10 years.

If your question is how long will it be on file meaning the official court docket (a public record), the answer is forever.

Answer 5

A Chapter 7 bankrutpcy may display on your credit for 10 years from the date of filing. Chapter 13 may stay for 10 yeas also, but it is customary for those to be removed after 7 years.