Can I Rebuild My Credit During A Chapter 13 Bankruptcy?

When filing for bankruptcy, you have the option to select from various chapters. One such chapter is Chapter 13 bankruptcy, which enables you to repay your debts over a specific period and potentially have a majority of them discharged.

How Long Does Bankruptcy Stay On Your Credit Report?

When people learn that bankruptcy will be visible on their credit report for 10 years, they often hesitate to file. It’s important to note that this 10-year rule specifically applies to Chapter 7 bankruptcy cases.

Now, let’s address the duration of Chapter 13 bankruptcy on your credit report. If you have filed for Chapter 13, the bankruptcy will only be visible on your credit report for up to seven years from the filing date. However, if you are enrolled in a five-year repayment plan, the bankruptcy will only remain on your report for two years.

Can You Pay off a Chapter 13 Bankruptcy Early?

It is possible to make advance payments or pay off the Chapter 13 repayment plan, but doing so may not immediately result in a discharge. The trustee or the holder of an unsecured claim could request a modification of the plan koiusa, which may not be favorable to you. It is crucial to discuss this matter with your attorney to assess the potential risks and benefits involved.

Best Practices to Rebuild Your Credit After Chapter 13

You can start rebuilding your credit as you complete a Chapter 13 bankruptcy:

  • Open a credit builder card or loan in order to establish a consistent repayment history
  • Add your name to an old credit card of a close family member or friend
  • You can ask a close family friend or relative to sign any loan you take out
  • Check your credit report and dispute any errors

This post was written by Trey Wright, one of the best bankruptcy lawyers in Tallahassee! Trey is one of the founding partners of, specializing in bankruptcy law, estate planning, and business litigation.

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