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The auto lender would show that the loan has been reafirmed or just simply show that payments are still being made thus you still have an active open account showing on your credit report.

2006-08-01 19:36:37
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Q: What type of entry is placed on a credit report when a bankruptcy petitioner reaffirms their auto lease?
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How do you fix a bankruptcy that you did not report?

A bankruptcy is not reported to the credit bureaus by the person who filed the bankruptcy. There are hundreds of operators of databases that collect information from public records and sell them to other institutions such as credit bureaus. Therefore if the bankruptcy is valid, it will be reported and placed in the public records portion of the consumer's credit report and will remain there for the required 10 year time limit. If it is a reporting error by the CRA the consumer should send a letter of dispute, with documenting evidence and demand the bankruptcy be removed from their credit report.


How much are the payments on a chapter 13?

The petitioner submits the repayment schedule/plan to the court and the court decides whether or not it is acceptable. The best option for the petitioner is to retain a qualified bankruptcy attorney rather than self-filing, as the forms, required documentation and so forth can be complicated to say the least. If the petitioner qualifies for the bankruptcy he or she should be aware that they will be placed on a very strict budget, which is one reason so many people fail to complete a chapter 13 BK ("Adjustments of Debts of an Individual With Regular Income").


Petitioner violating restraining order in Florida?

If the restraining order is against the Petitioner (as in a case where there are counter-petitions), the Petitioner may be arrested by any sheriff's office.Additional: In FL, even if no counter-petition has been sought or awarded, the petitioner is bound by the same restrictions as have been placed against the respondant. As stated above, the petitioner CAN be arrested for violating the provisions their own restraining order. The petitioner cannot use their order as a weapon against the respondant.


If you filed chapter 7 bancruptcy in 2005 and a judgment from 2003 still shows on your credit report how do you get it removed?

Here is the question, was the judgment placed under the bankruptcy? If so, you can dispute the items as part of the bankruptcy. If not, it is a separate entry and has the right to stand on it own.


What happens if my mom cosigned on an auto loan and I file for bankruptcy?

Your mom will be responsible for the debt and if she does not pay it could affect her credit, she could be placed with a collection agency or sued in court.


Can you sell personal property when filing bankruptcy?

When filing bankruptcy all assets are placed in a bankruptcy estate. Some assets are allowed to be protected and qualify for an exemption by the trustee. Items that are placed in exemption are permitted to be sold, but the trustee should be notified prior to the sale.


How to file for bankruptcy when you have had identity theft?

Have you filed a police report and had a fraud alert placed on your credit reports? Have you been to the forums at creditboards.com? I bet the people there can help you. Personally, I would rather hire a lawyer to fight the cc companies instead of hiring one to declare bankruptcy because of a criminal.


What happens when the second home is placed in bankruptcy by mistake and is not your primary residence?

what happens when you file bankruptcy and your second home you own as an investment is placed in the bankruptcy by mistake the house getsfor closed on and sold but no title search is done to see that there are actually two mortgages on the house who is responsible for the second mortgage


Should wife be placed on deed before filing chapter 13 bankruptcy?

You will need to discuss this thoroughly with an experienced bankruptcy lawyer. Mortgages usually do not allow a change in title without the consent of the mortgage holder, and it can trigger acceleration of the mortgage and require immediate poayment of the whole balance due. If the wife has good credit and the mortgage is in trouble, it may affect her ability to borrow after the bankruptcy, so don't do it.


Where do you get the forms needed to file a claim to obtain your child support after the father placed it on his chapter 13 bankruptcy?

You don't need any forms - child support is not discharged in bankruptcy.


If you had a lien placed on your house 2 months before you filed bankruptcy and you filed bankruptcy on that creditor is the lien still valid?

All liens survive bankruptcy. You can get rid of the lien by "avoiding" it. Look up "Avoiding Liens" in google or findlaw.com for more info.


What effect does filing bankruptcy have on liens that have already been placed on property?

Whether or not a motion can be filed and will be granted for a lien to be removed after the bankruptcy has been filed depends upon individual circumstances. The expungement liens can be very complicated and it is best to have the action undertaken by a qualified bankruptcy attorney.


Can a lien be placed on property based on a person who is not on the title?

can a lien be placed on my home based on a family members credit card debt?


How many missed mortgage payments before it is placed on your credit report?

One.


What are restrictions placed on a company's economic activities by creditors called?

credit controlls


Can a lien still be in placed after filing bankruptcy?

No, because the underlying debt would be discharged in the BK. However, if there is a lien placed on your property BEFORE you file BK, then the lien will continue to survive after the BK.


Can a lawsuit be filed against a creditor that has placed a lien on home bought after bankruptcy?

The creditor would have problems enforcing a lien if the debt was included in the bankruptcy. If they were paid off, investigate further. If they were not included, then the lien may be valid.


What happens if you never paying credit card debt?

You are likely to have your wages garnished. Your credit cards will be cancelled and liens may be placed on property.


If you pay off an old debt no longer on your credit report will it be placed back on the credit report?

Yes it can. You should agree to pay it only if there is an agreement to not report it to the credit reporting agencies.


If unpaid medical is not on your credit report can they charge you for it after the fact?

Yes. Some institutions/businesses do not report to credit bureaus. The debt not being placed on a credit report does not mean it is not completely valid and collectible.


What if someone did not reaffirm their car after they went bankrupt and missed four payments what will happen?

Your car will likely be repossessed if you did not sign a reaffirmation agreement. If it was included in the bankruptcy, but just not reaffirmed, however, a judgment can not be placed against you for past due amounts or any balance owed. They can, though, slap you with a repossession on your credit record.


If a car has a lien placed on it prior to bankruptcy being filed do you get the title back when the bankruptcy is completed?

It really depends on the type of bankruptcy petition you file. If you file for Chapter 7 bankruptcy the creditor who put the lien on your car may be able to take your vehicle. If you file for Chapter 13 bankruptcy you'll have the opportunity to make payment arrangements with your creditor and in that case you should get the title back after all of your payments are made and your amended. contract with the creditor has been fulfilled.


What is the significance of a q in a stock quote?

A Q placed at the end of a ticker symbol represent that the company has filed for bankruptcy and or is in bankruptcy proceedings. Ex. GMGMQ - the new symbol for General Motors or Ex. SIXFQ - the new symbol for Six Flags


How can I make all credit card company stop send me all the application for credit card or check.?

call or go on line to be placed on the opt out list


Is it true that medical collections cannot legally be placed on your personal credit report?

if they are in your name, yes they can