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Lisa

New here...have some questions

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DH and I filed BK in 2001, and it was finalized 01/2002. We included our house in the filing. How should this be reporting on our credit reports? We had a judgement filed against us in 09/2002 to foreclose, although it was included in the BK. This is showing on only one of the credit reports. Should I dispute this, or is this correct?

Also, how should all other accounts included in the BK be showing on our credit reports?

Thank you for any help you can give!

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It is my belief that the judgment should not have existed especially for them to file after being informed of the bankruptcy..

On this one, go back and talk to your bankruptcy lawyer - I bet this one should not even exist.

On all other accounts that had been included in the bankruptcy.. technically they should report as:

Zero balance included in bankruptcy

If it says any thing else, like collection / charge off with a balance it is reporting wrong. This happens all the time!!!!!

But what you should do is start out, disputing them as not yours first to see if you can get it bumped off of the credit report first...

If you can't then later dispute for accurate reporting... by including a copy of your bk papers (schedule F) the CRA should get them updated in no time. But there the other way first, see if you can't get some better room to deal with on that part.

But speak to lawyer on the judgment deal!

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How would I go about getting the foreclosure removed from my credit report? It was actually filed by a bank that we previously had our mortgage with, and they were paid off when we refinanced with the bank we filed BK against. TU is the only CRA reporting this on their records, also.

Thanks again!

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You talk about the forclosure, was it included in the bankruptcy... You say the prior bank filed the forclosure? Something don't sound right here... if they had been paid by the later bank - they should not have even filed forclosure.

It is said that if you discharge the bankruptcy - unless you re-open to include that creditor you may be stuck paying them.

You need a lawyer on this! To look and see if there is something over looked and to try to remedy it as quickly as possible on this matter.

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The house was included in the BK. It was funded through Homecoming Financial. The previous funding for it, prior to refinancing, was through Bank One. Bank One is the one who filed for the foreclosure. The foreclosure proceedings weren't started until 3 months after the BK was finalized.

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If you have your accounts changed to 'included in bankruptcy' that pretty much makes it a challenge to remove the bk itself as 'not mine' doesn't it? I had all my incorrect accounts changed to be included, but now I see people getting the bk actually removed.

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