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Thread: Oh Bankruptcy...

   
   
  1. 07-21-2008, 05:48 PM #1
    easyee
    easyee is offline White Belt
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    Red face Oh Bankruptcy...

    Dear Bankruptcy..

    Though we danced and went our separate ways about 1 1/2 years ago, I'm still finding your belongings (aka ~ items that were included in the bankruptcy) around the house (aka ~ my credit report).

    I assumed that I would not be seeing these things anymore on my credit report after the bankruptcy.
    The bankruptcy is listed on my credit report, but so are some of the items that were included in the bankruptcy. What is the best way to deal with these? Should I dispute them with the bankruptcy papers (can I?) or is there something else I can do?

    Thanks for a chance to find some answers, I need to improve my score!!
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  2. 07-22-2008, 12:13 PM #2
    Magic69's Avatar
    Magic69
    Magic69 is offline Green Belt  
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    By law they can stay on your report for 7 years after the discharge date (somebody correct me if my figures aren't exactly right). Disputing can help get some items removed.

    By the way, props for the creativity
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  3. 03-08-2009, 01:55 PM #3
    Armshark
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    Hey White Belt, I am a Banker, I work for an institute with strict Lending Requirements. We still consider up to 10 years, it actually does stay on the Buruea past 7 years.
    Last edited by Magic69; 03-10-2009 at 12:05 AM.
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  4. 09-29-2010, 12:34 AM #4
    Clientdiver
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    Default Bankruptcy

    Bankruptcy is a financial statute where you are legally declared incompetent to pay back your creditors. Or simply put, declaring bankruptcy means eliminating some or all of your debt and providing you with a fresh start financially. To many people, the word bankruptcy presents such a stigma to one’s ego and public persona. But the truth of the matter is that bankruptcy can really help you if you are dire financial stress. Bankruptcy is within your legal rights and you should not hesitate to use it if you are “in over your head” with debt. Bankruptcy is good at eliminating credit card, utilities debt while you will find it difficult to eliminate debts like child support, alimony, most tax debts, student loans, and secured debts. By declaring bankruptcy, it can affect you in many ways, some of it harmful yet the benefits can outweigh it by a lot, that's why we need to provide a bankruptcy attorneys for us to secured.
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  5. 02-09-2011, 05:37 AM #5
    Wystan
    Wystan is offline White Belt
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    Re: Oh Bankruptcy...

    Hey, I think a bankruptcy lawyer can help negotiate with creditors and prevent common mistakes that can lead to bigger problems in the long run. A lawyer can also explain how bankruptcy works, what your rights are, and what your obligations are to the court and creditors.
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