If I file Chapter 7 bankruptcy how long does it stay in your credit report, and what are other issues those this bring?
10-years from the date of discharge weather you reestablish good credit or not.
As far as repercussions you can expect to pay much higher interest rates and insurance rates for at least the next 2-years.
The most important thing you need to do is reestablish your credit as soon as your BK is discharged. You can do this with credit cards or car loans or a combination of both. If you play your cards right you can have good credit in as little as 12-24 months.
Mine discharged in March of 2001 still shows even though all of the accounts included have dropped off and all of my scores are well over 800.
