How long can bankruptcy be used against you. Is it always on your record?

Bankruptcy can remain on your credit report for up to 10 years, depending on the type of bankruptcy filed (Chapter 7 or Chapter 13). During this time, it may affect your ability to secure loans or credit. However, after this period, it is typically removed from your record, although lenders may still consider your overall financial history. It's important to note that while bankruptcy impacts your creditworthiness, it does not define your financial future, as you can rebuild your credit over time.