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Q: What is the bankruptcy reform act of 1994?
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Can you file bankruptcy on credit cards that are not in your name but you are responsible for?

check Federal Bankruptcy act 801.3


How do you remove bankruptcy from your credit rating?

The only way to remove a bankruptcy from your credit report is to dispute it to the credit bureaus. The credit bureaus have 30 days under the Fair Credit Reporting Act, to verify your bankruptcy withe the court that filed it or it must be removed from your credit report.


Would you let your car be repossessed or would you file bankruptcy?

There's no definitive answer to a question of this type, as the final decision would depend on the person's overall financial situation. Bankruptcy is a very serious action and should only be used as a last resort. Especially in light of the new bankruptcy reform laws. Even in bankruptcy (unless it is a 13) a vehicle may have to be forfeited, depending on the vehicle exemption status and the terms the lender is willing to agree upon.


Can you remove bankruptcy from credit report?

Yes you can remove a bankruptcy from your credit report. You must dispute it to the credit bureaus using the Fair Credit Reporting Act. The credit bureaus have 30 days to verify the listing or it must be removed from your credit report. A bankruptcy should only be disputed if it is erroneous or inaccurate.


If it has been 10 years since your bankruptcy how do you get it removed from your credit?

Write a letter of dispute to any credit bureau displaying a bankruptcy past the legal reporting period. Request its' removal per the Fair Credit Reporting Act.

Related questions

What has the author Mark A Shaiken written?

Mark A. Shaiken has written: 'Wiley Law special report on the 1994 Bankruptcy Reform Act' -- subject(s): Bankruptcy


When did Congress last update the bankruptcy laws?

In 2005 the U.S. Congress enacted profound changes to the Bankruptcy Reform Act of 1978. Known as the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005,


What has the author Scotus written?

Scotus. has written: 'Reform in the Bankruptcy Law of Scotland' -- subject(s): Bankruptcy


What are the new bankruptcy laws as of April?

For information concering new bankruptcy reform that became law on Oct.17,2005 please visit Bankruptcy Action at http://www.bankruptcyaction.com


Can you avoid criminal charges by filing bankruptcy?

No. Bankruptcy is a civil act.


The Pendleton Reform Act attempted to reform?

civil service


When was the first reform bill passed in England?

The Representation of the People Act 1832, Reform Act 1832 or Great Reform Act was an Act of Parliament that introduced wide-ranging changes to the electoral system of England and Wales.


When was How to Be an Extremely Reform Jew created?

How to Be an Extremely Reform Jew was created in 1994.


Which act was aimed at sanitation reform?

The Public Health act


When was Estonian Reform Party created?

Estonian Reform Party was created on 1994-11-18.


When was California Coalition for Immigration Reform created?

California Coalition for Immigration Reform was created in 1994.


If you are trying to file bankruptcy and two accounts are paid off by cosigners can you still file bankruptcy on your remaining debts?

Yes. However due to the new bankruptcy reform the party involved may have to file whichever type of bankruptcy the trustee feels is applicable. The point of the reform is to prevent multiple BK filings. The premise is, if the debtor has even a small amount of nonexempt income it is to be used for repayment of debts.