There are certain standard amounts of time that bankruptcy will remain on your credit score, often around seven years. But, if you are considering bankruptcy then you are likely already struggling with finances and missing payments, which is also bad for your credit score. There are steps you can take to file bankruptcy and eventually have a good, or even a very good credit score. This outcome will depend on you and your ability to manage your debt to income ratio.
If you are in a difficult financial position bankruptcy can, with time, help you to reach a more secure financial future.
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