The Fair Credit Reporting Act prohibits the reporting of outdated information about consumers. With a few exceptions, credit-reporting agencies can only disclose a bankruptcy during the ten years after the date of filing.

However, your actual credit can be restored usually within 12 months of filing a bankruptcy. Banks and other lenders seem anxious to extend credit to you once you receive your bankruptcy discharge. It appears to be in their best business interest to get you back into the credit marketplace as soon as possible. Most of our clients have a credit score at or very near 700 within 12 months of filing their bankruptcy.