Credit report after bankruptcy – What should it say?

Saturday, December 17, 2011

Question by Carmen: Credit report after bankruptcy – What should it say?
Two years ago, my husband and I filed bankruptcy. I recently viewed both of our credit reports from all three credit bureaus. I found a few errors in which the creditor did not indicate that the account was included in bankruptcy. I filed a formal request to have these accounts changed to reflect this. Some of the creditors have “discharged from bankruptcy” listed, others simply have “petition for Chapter 7.” Should all of these say “discharged from bankruptcy,” or is “petition for Chapter 7″ acceptable?

Best answer:

Answer by Faye H
They should all say discharged from bankruptcy.

Petition indicates that you’re still in the process of going through bankruptcy.

Add your own answer in the comments!

This entry was posted on Saturday, December 17th, 2011 at 6:00 am and is filed under Bankruptcy. You can follow any responses to this entry through the RSS 2.0 feed.

twv706

December 17, 2011 at 6:51 am

When I claimed bankruptcy they all had discharged in bankruptcy. I would ask your former bankruptcy attorney on this.

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spifiman1

December 17, 2011 at 7:28 am

The one I see the most is “Included in bankruptcy”. Discharged from bankruptcy would be OK. I have never seen petition for Chapter 7 before.

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epelham54

December 17, 2011 at 8:05 am

Usually it says discharged from bankruptcy, and I have found on the net that there are a lot of things about fixing your credit you can buy some good some not. I started to use one of those companies that help with consolidation but, I bought these programs that have worked wonderfully. If you follow their easy instructions you will improve you credit and credit score. They even have the forms or letters you should use to send to the credit bureaus. I even bought the programs for my daughter who filed bankruptcy and she has improved her credit also. They teach you everything, how to increase your fico to reading your report and how to go about cleaning your report. I try to tell everyone about these programs because they are so good. These people know what they are talking about and have done the research and they are patterned after someone who filed bankruptcy and how he fixed his credit and now has even better than he had. I feel I have gotten my moneys worth buying them. The address is http://www. coming back strong financially .com. all one word. If they can improve my credit then they most differently improve yours.

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