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How to get a denied bankruptcy off your credit report?
Posted on 8/4/13 at 9:58 am
Posted on 8/4/13 at 9:58 am
I promise this isn't for me, but how does one go about this? The person is getting denied for loans etc just because they attempted to file chapter 13, but a judge turned it down due to the creditor filing motions etc. I would think that should mean the chapter 13 should no longer be on their credit report record. Google hasn't really told me much, so what says the MB? Thanks.
This post was edited on 8/4/13 at 9:58 am
3
Posted on 8/4/13 at 11:01 am to LNCHBOX
I don't know for certain myself. But I do know that if I were in the business of consumer lending I'd damn sure want to know if someone even tried to file, whether it was granted or not.
Posted on 8/4/13 at 11:16 am to LNCHBOX
quote:
I promise this isn't for me, but how does one go about this? The person is getting denied for loans etc just because they attempted to file chapter 13, but a judge turned it down due to the creditor filing motions etc. I would think that should mean the chapter 13 should no longer be on their credit report record. Google hasn't really told me much, so what says the MB? Thanks.
I want to say the credit reports will show the filing of bankruptcy and the dismissal or discharge. I could be wrong there, but that would only be logical IMO for the reasons foshizzle stated.
Posted on 8/4/13 at 1:33 pm to foshizzle
Fair enough, but the fact that no payments were ever missed, and the debt that was in question was refinanced with a non blood sucking thief of a company should not bar someone from being able to get a loan. There has got to be a way to deal with this. Thanks for the posts so far.
Posted on 8/4/13 at 2:32 pm to LNCHBOX
Once you file, it's done. Regardless of the disposition, he did file and will forever have to answer YES on any loan app if he ever filed bk.
BK, not to be taken lightly.
BK, not to be taken lightly.
Posted on 8/4/13 at 2:34 pm to LNCHBOX
quote:
Fair enough, but the fact that no payments were ever missed, and the debt that was in question was refinanced with a non blood sucking thief of a company should not bar someone from being able to get a loan. There has got to be a way to deal with this. Thanks for the posts so far.
This same line of logic can be applied to the guy who robs a bank but was gonna bring the money back after he got repaid, so no biggie, right?
Posted on 8/4/13 at 3:24 pm to LNCHBOX
quote:the brtcy filing will stay on a credit report for at least seven, maybe ten, years. Best thing to do is work to rebuild the credit history...probably has more negatives than just the chapter 13 filing anyway.
. There has got to be a way to deal with this.
Posted on 8/4/13 at 4:14 pm to OTIS2
quote:
the brtcy filing will stay on a credit report for at least seven, maybe ten, years. Best thing to do is work to rebuild the credit history...probably has more negatives than just the chapter 13 filing anyway.
Most likely. Bankruptcy filings do not deter every lender out there.
The fact that he was dismissed opens up a lot of questions. Did he stop paying the trustee? Did he lie to the trustee?
Posted on 8/4/13 at 4:23 pm to Meauxjeaux
quote:
Regardless of the disposition, he did file and will forever have to answer YES on any loan app if he ever filed bk.
They can only ask for 10 years.
Posted on 8/4/13 at 5:35 pm to rmc
quote:
The fact that he was dismissed opens up a lot of questions. Did he stop paying the trustee? Did he lie to the trustee?
The trustee tried to stop accepting payment, and were the ones responsible for getting a judge to deny the chapter 13. It was a mortgage that Capital 1 wanted to get the house instead if getting payment. It was very shady, but they had deeper pockets, so they almost got away with it.
ETA: No other negative items un the credit history, which is why this is such bullshite.
This post was edited on 8/4/13 at 5:36 pm
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