Sentences with phrase «balances after a bankruptcy discharge»
, as all credit card accounts should have zero balances after a bankruptcy discharge.
http://www.natlbankruptcy.com/
Make sure to review your credit reports, as all credit card accounts should have zero balances after a bankruptcy discharge.
Not exact matches
After bankruptcy, The credit card companies are required to report discharged debt as having a ZERO balance.
I had a bankruptcy discharged in 2014 and got my fha mortgage two years after and have several credit cards with limits of about 75000, I carry balances of less than 2000 per month.
Should a consumer discover credit reporting errors (i.e. a discharged bankruptcy being reported as «filed,» duplicate listings of a single bankruptcy, accounts reporting late payments after the bankruptcy was filed, accounts reporting balances after the bankruptcy was discharged, etc.) then it will unfortunately take some work to correct the errors.
You are still liable for the balance owed after the collateral has been resold so bankruptcy can remove that liability through the discharge.
In the example above, filing for bankruptcy would prevent the mortgage lender from seeking a deficiency judgment after foreclosure, the remaining mortgage balance would be discharged.