The most important part of a bankruptcy case for many individual debtors is the bankruptcy discharge—the order that wipes out qualifying debt, such as credit card balances, utility bills, and medical debt (corporations, partnerships, and other business entities are not eligible for a karacto.xyz: Cara O'neill, Attorney. Mar 13, · A bankruptcy discharge does not impact the credit reporting time limit for bankruptcy, which is seven years from the date of filing for Chapter 13 bankruptcy and ten years from the date of filing for Chapter 7 bankruptcy. Accounts associated with bankruptcy may be deleted from your credit report before the bankruptcy, particularly if the date. (To learn more, see The Bankruptcy Discharge.) Even if you receive a discharge, your bankruptcy remains open until the court enters a final decree or order closing your case. But the court will not close your bankruptcy if the trustee is continuing to administer your case (discussed below).