Comment from OC1999
Time July 19, 2009 at 2:26 pm

The bankruptcy will be listed on your credit report under the Public Records Section.
Your credit report is your history so the items will remain on your credit report for the time allowed per the Fair Credit Reporting Act. However, they will be noted that the debt was “Included in bankruptcy” with the amount owed shown as 0 because you are no longer legally responsible for it. If after you have the BK discharged and these show any amount owed or that it was not included you need to send in a dispute and have it corrected. But you can not have it removed.
It is fairly easy to get credit afterwards. In fact don’t be surprised to receive a ton of credit card and auto loan offers after you file. But these offers will be from Sub-Prime lenders. As a result you will not get the best rates, but high rates and fees. As a safe estimate you can expect an interest rate of about double of what you could get with decent credit. So for example if a person with decent credit could get approved for a car loan at 8% interest rate, that same bank may give you a 16% interest rate after your BK.

Comment from MARKY
Time July 19, 2009 at 7:17 pm

The items will state, example:
Visa – discharged in bankruptcy….they stay rather than everything being wiped clean
They stay for ten years
You cannot file again for 8 more years
Credit card companies LOVE to give new unsecured cards to people just out of Chapter 7….Throw their offers in the trash. The last thing you need is more unsecured credit card debt just out of a BK filing. Get a secured credit card instead..the type where you put up a security deposit that equals your credit limit.