Bills.com > Manage Debt > Deal with Debt > Debt Relief Q&A > Bankrutpcy Protection
Question:
DEC 12, 2011

Bankrutpcy Protection

I don't want to declare bankruptcy, but at this point I don't see any other way.

Read full question
Bill's Answer: Bills.com Resident Expert

I understand that no one wants to file for bankruptcy protection, but given your financial problems, bankruptcy may be the only way to prevent foreclosure on your home and repossession of your vehicle.

I encourage you to consult with a qualified bankruptcy attorney as soon as possible; the sooner you are able to file your petition, the sooner the court can issue a stay to protect you and your assets from collection activity. I wish I could tell you there was another way to resolve your financial crisis, but I think that bankruptcy is the only viable way to protect yourself from your creditors. Again, you should consult with a qualified bankruptcy attorney to discuss the options available to you under the bankruptcy code.

To learn more about bankruptcy, I encourage you to visit the Bills.com Bankruptcy Information page.

I wish you the best of luck in solving your financial problems, and hope the information I have provided helps you Find. Learn. Save.

Best,

Bill

Bills.com

Comments (2)


Nithin .
October 09, 2007
Accounts that have been discharged in bankruptcy should appear on your credit report as “included in bankruptcy.” They should not report as being delinquent accounts. If you have accounts that were discharged in bankruptcy reporting as delinquent, you should consider disputing them with the credit bureaus—Equifax, Experian, and TransUnion. You can obtain a free copy of your credit report from each of the three bureaus by visiting www.annualcreditreport.com. Once you have established which accounts need to be disputed, you can either dispute the accounts online through the credit bureaus’ websites, or via mail, which I prefer. The Federal Trade Commission offers a guide to disputing inaccurate credit listings. You should also send a copy of your notice of discharge along with the dispute. Once the bureaus receive your dispute, they will investigate, and should remove these inaccurate items from your credit reports.
Mark T.
October 09, 2007
i filed ch 13 and it has been discharged. is it illegal for my creditors to report to trans union, equifax, as late payments
Waiting for comments to load Loading more comments
Thanks for your feedback!
 
Articles Ask Bill
Thank you for subscribing!