The bills aren’t compensated, the enthusiasts are calling, and you also feel just like you’re drowning in debt. Maybe you’re lured to strike the bankruptcy switch to really make it all disappear completely. But filing for bankruptcy does wipe your slate n’t clean. There’s no guarantee it shall erase your entire debts, plus it will leave a mark in your record which takes a whilst to fade away.
So, the length of time does a bankruptcy remain on your credit file? Legally, as much as ten years. Emotionally, a lot longer. Let’s have a look at how very very long a bankruptcy can remain on your record and what you should do if you’re wanting to reconstruct your lifetime after having a bankruptcy.