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After bankruptcy discharge can a bank leave a loan open on a credit report can the bank attempt to collect a debt after bankruptcy discharge?
Wiki User
∙ 15y ago
If you included the bank and the loan in your bankruptcy, then it is illegal for a bank to continue to try to collect on the debt after it has been discharged. That is the long and short of it.
<a h ref=http://www.gather.com/viewArticle.jsp?memberId=-1&articleId=281474976755176>If the bank continues to try to collect</a>, you could simply refer the collection agent to your bankruptcy attorney (assuming you signed up the attorney on a flat fee). Your attorney should do a fine job of handling it from there (including filing a claim in state or federal court, if need be).
If you don't have an attorney, or you've sign on with an attorney who charges an hourly rate, simply state the fact above to the person calling you. In either case, you can then report the bank's illegal action to the Federal Trade Commission (1-877-FTC-HELP) and the <a href=http://www.usdoj.gov/usao/offices/index.html>attorney general's office in your bank's home state</a>. If you included the bank and the loan in your bankruptcy, then it is illegal for a bank to continue to try to collect on the debt after it has been discharged. That is the long and short of it. (See this post at http://www.gather.com/viewArticle.jsp?memberId=-1&articleId=281474976755176 if you have yet to file bankruptcy, and you feel you are being harassed by creditors.)
If the bank continues to try to collect, you could simply refer the collection agent to your bankruptcy attorney. That's assuming you signed up the attorney on a flat fee. Your attorney should do a fine job of handling it from there (including filing a claim in state or federal court, if need be).
If you don't have an attorney, or you've sign on with an attorney who charges an hourly rate, simply state the fact above to the person calling you. In either case, you can then report the bank's illegal action to the Federal Trade Commission (1-877-FTC-HELP) and the attorney general's office in your bank's home state. (See http://www.usdoj.gov/usao/offices/index.html for a complete list of state offices.)
Wiki User
∙ 15y ago
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Should the balance of a creditor you filed chapter 7 on show zero on your credit report after it has been discharged?
No. Bankruptcy discharge does not mean the money isn't owed. It means that creditors cannot attempt to collect it. The money will always be owed. Accounts included in bankruptcy will stay on the cr marked included in bankruptcy, for the full seven years.
Can a bankruptcy entry on a credit report be removed when the bankruptcy was discharged in 1999 and it is listed on the credit report as 2006?
No, it cannot be removed but the information can be amended to read correctly. A bankruptcy discharge remains on a credit report 10 years from the date of discharge.
How credit union collect bankruptcy loan that discharged?
If a loan from a credit union has been discharged in bankruptcy court, that credit union cannot collect and must write the loan off.
How long does it take after a bankruptcy is discharged to show on your credit report?
The amount of time a bankruptcy stays on your credit report after discharge differs between Chapter 7 and Chapter 13 Bankruptcy. With Chapter 7 bankruptcy, the Chapter 7 stays on your credit report for 10 years. Chapter 13 bankruptcy, after discharge, it shows for 7 years on your credit report.
What are the laws pertaining to a credit reporting agency still reporting after a bankruptcy discharge?
Debts included in the bankruptcy should be noted as such in the credit report. The bankruptcy will remain on the credit report for ten years.
How long does a bankruptcy stay on a credit report?
Ten years from the date of discharge.
When will a 1999 discharged bankruptcy be removed from a credit report?
It should be removed from the credit report in 2009. A bankruptcy remains on a credit report for ten years from date of discharge.
Will a credit score change when a discharged bankruptcy is removed from the credit report?
Yes, but only after the bankruptcy is removed from your credit report - which can take over ten years from the discharge.
Will the the credit of the co-owner affected if a co-signor files bankruptcy?
No. The co-signer is no longer responsbile for any part of the loan. If you default, the creditor can not attempt to collect from them.
How soon will a bankruptcy discharge show on a credit report?
The bankruptcy itself will show up on reports very soon after it is FILED. The discharge itself is not reported, just the public record of the bankruptcy itself.
Will you not pass a credit check for employment with a pending bankruptcy discharge?
Speaking from experience, if the discharge of bankruptcy is pending, a credit check may not pass, however, having discharged voluntarily from bankruptcy may have the same result depending on the policy of the employer or financial institution.
You had a bankruptcy in 2004 when does it come off your credit report?
10 years from discharge
