Bankruptcy topics

401k and Bankrutpcy

wiguy33 — Wed, 22 May 2013 19:26:07 GMT

Hello all, this is new as I am also new to the forumn. My question has to do with my 401k. I just had my meeting of credotors (341) yesterday and have been thinking about what I want to do with my life. Been sick alot (2 surgerys past two years) led me to my filing as I also have student loans and noramls bills like housing and credit cards. Well I have been thinking about if I am going to be staying with my employer (been thinking about it for over a year). Well my 341 meeting was the last straw. My brother had to take me cause my truck decided it needed repair. I have enough in my 401k to purchase a decent (new) vehicle after taxes and penalties. I have been thinking about leaving my employer for something that makes me happy and I am now in need of reliable transportation.

My question is: Is it safe for me to quit and take a payout and purchase transportation or do I have to wait for the discharge notice? The trustee mentioned something for 180 days for inheritance and lottery winnings.

Just got approved for my first cc out of bk7

freerunningmn — Wed, 22 May 2013 18:39:55 GMT

I went and app'd today for a secured cc through cap one, i was approved instantly with a $99 deposit!!! I'm so excited!!!

BK account reporting different information

TwoBeFree — Tue, 21 May 2013 19:48:59 GMT

Can anyone help me with this account? Im willing to try 100% to clean my life up and not give up on myself anymore. I didn't realize how much negative credit affect a person even when you are trying to get a better job.

I am trying to repair my report as much as possible I have recent took a long look at my credit reports and start to notice different things. I had just given up on my credit after I filed BK in 2006. I have been told on several occasion that I need to start opening some new accounts to help me as the old stuff start to age off. I notice that Clear card/ Merrick bank on my Experian report Account history is reporting different information. On a report from 3/10/10 the account history states that the Account was included in BK on Feb. 26, 2009 and on the report for 5/21/13 the account history states that the Account was included in BK on April 4, 2007. Experian is give me the date of Nov 2013 is when the account is scheduled to be removed.

I filed for the BK on 12/18/06 and was discharged on 4/04/07. Experian keeps given me the UPDATED each time I have filed a disputed.

Rebuilding during Chapter 13?

Math_Rocks — Tue, 21 May 2013 13:50:34 GMT

I posted on the rebuilding forum but didn't get a response so I am going to ask this here. We are currently 1 year into a 5 year Ch. 13 BK. We were just approved for a $1000 secured CC through a local bank (who uses Elan Financial). Other than that, we are paying our mortgage outside the BK and two car loans through the BK.

I pulled my credit reports yesterday through annualcreditreport.com. (Actually, was only able to get TU and EXP online - I have to mail in a request for EQ.) There are MANY errors on there. We filed 04/30/2012 but some accounts show BK in June or July and us late until then. Other accounts report Ch. 7 BK instead of Ch. 13. And, finally, the biggest error (to me) is that one of the car loans does not show IIB and has been reporting us 120 days late for the last several months. I am actually amazed that we were able to get the secured card. (Also tried Cap 1 and was declined for the secured card. :smileysad: ) Should I try correcting these errors? Or do I need to wait 4 years until the BK is discharged? If I should correct them now, what paperwork do I need from the BK attorney? I would appreciate your advice.

Auto loans post chapter 13 bankruptcy?

mimsey11 — Tue, 21 May 2013 03:19:41 GMT

Hello everyone, my chapter 13 bankruptcy will be over at the of june 2013, me and my wife plan on buying new vehicles closer to the end of the year. My credit score is 630 through equifax. My wife has an 07 sebring that's paid for, and will be used for trade in at the time of buying. And I will have about 4000 cash when I go to purchase. Our family has grown since we filed for bankruptcy, and the need has arose to upsize our vehicles. Can anyone tell me from experience what I should expect for interest rates, and lender requirements. Or, will such companies like ford financing lend to people like me and my wife? I have been able to obtain unsecured credit cards during my bankruptcy. All with low limits, and no late payments.

BK7 discharged today*

Shantel870 — Mon, 20 May 2013 22:50:52 GMT

Hello all, my Bk7 was discharged today 5/20/2013 and I am so lost as to what I need to do to start rebuilding my credit. I wanted to know if anyone could provide any insight to what I should do and when I should do it to get started on rebuilding? Please help.

Filed Date 7/30/2003!! BK7

sandman2435 — Mon, 20 May 2013 18:01:01 GMT

So my filed date on my BK7 is July 30,2003...When do I expect this to finely come off my credit reports.I have no baddies and 0 Uti..scores are in the low 720's AAoA is 8 years and oldest Account is 22 years...how high of a jump in scores? and will the BK7 come off in July of 2013 ?..Its been a very long 10 years!!

Very confused about TransUnion score

rgh64 — Mon, 20 May 2013 15:00:37 GMT

Filed BK7 in August 2012, discharged November 2012. Have been cleaning and everything is correct except some Capital One errors on Experian. Have been approved for Kohls and Target. Applied for the Walmart card and was denied. Denial letter shows a TransUnion score of 477. This didn't make sense as everything had been kept current right up until the bankruptcy and the bankruptcy, as bad as it is, is the only derogatory on TransUnion. All old accounts show IIB with a $0 balance. I signed up for the free 7 day trial on TransUnion and the score they gave me was 707! How can this be? Both scores came from TransUnion and they are off 230 points!

BK7 discharged on Pacer site, now how do I do my clean up, and when?

freerunningmn — Mon, 20 May 2013 14:21:58 GMT

Hi, I looked on Pacer and saw that it said my bk was discharged and it was updated on my equifax(sw alert). So my question is, when should I pull all my reports and dispute anything not showing iib and $0 bal? I want to get a secured cc to start rebuilding, but I also don't want to get declined and waste an inquiry...what is my best course of action?

Closed/Dismissed Ch. 13

hopefultexan — Mon, 20 May 2013 03:31:28 GMT

I have a ch. 13 filed in march 2006 that we closed/dismissed 4/07 without having it discharged. From what I've read they can stay 7-10 years since it didn't get discharged. Is there anything we can do to have it removed after 7 (since we've just passed this mark) as opposed to 10 years? If not, how much is it effecting my scores right now, 7 years later?

Thanks!

1 yr after discharge, accts still have balances

vtskier — Mon, 20 May 2013 00:56:47 GMT

hi everyone!

I thought my dealings with bk were over but for some reason I decided to call the # for my old shell, exxon, sunoco, and citgo cards today. accoring to the automated system the accounts still have balances. before bk, they were sold to various collection agencies and after the bk posted the old tradelines for both the original accounts and the co's were deleted from all bureaus. my question is should i have the original accounts reflect $0 balances since they were included in bk via the collection agencies? I'm thinking I may never be able to get these accounts ever in the future b/c it looks like i already have accounts with balances. the bk was discharged 3-12. thanks!

Today my wife and I came to terms with the fact that we are bankrupt because of custody battle

Joecooltech — Sun, 19 May 2013 23:48:57 GMT

Recently my wife and I have taking custody of her two brothers because of substance abuse in the home. After the legal retainers the emergency custody paperwork and court fees on top of buying them new clothes new shoes new beds because their mother will not allow us to get it from there the residence.

I have ran into a financial wall there's no way possible for me to keep up. We are trying so hard to keep the normal day-to-day activities of the kids making sure they have what they need. Today we have come to terms that you are indeed going to have to file BK more then likely any advice from those who can give it would be help full

What happens after the last payment is made in a chapter 13 in NYS?

Believe1970 — Sat, 18 May 2013 22:02:20 GMT

Hi, just wondering if anyone knows what the process is after the last payment in a chapter 13 payment in NYS?

Can't pay my credit cards anymore do to legal fees and and custody

Joecooltech — Sat, 18 May 2013 13:05:14 GMT

Recently my wife and I have taking custody of her two brothers because of substance abuse in the home. after the legal retainers the emergency custody paperwork and court fees on top of buying them new clothes new shoes new beds because their mother will not allow us to get it from there the residence.

I have ran into a financial wall there's no way possible for me to keep up. we are trying so hard to keep the normal day-to-day activities of the kids making sure they have what they need. for you those of you who have been in this type of situation how do you go about talking to your credit card companies in letting them know there is no money to be had?

Online Bank Acct's that are good for people post BK?

Twitchrdrm — Fri, 17 May 2013 20:26:25 GMT

I wanted to get some feedback from the community on this. A good friend of mine just filed BK a few days ago and has been using Paypal Prepaid as a bank acct where her direct deposit goes into. I guess the paypal pre paid site is down indefenitely and I'm trying to convince her to just move everything over to an online only bank with no fees for direct deposit. My logic is she should go with Capital One 360 since that will allow her to have online access, a debit card, a savings so she can start building one up, and building history with Cap One since that will probably be her best bet for a secured card down the road when she can start to rebuild herself. I work in banking so I'm pretty wise to how things work but wanted to get some feedback to see what ideas/opinions you might have, maybe there's a bank that might work better for her? She lives in Eastern TN btw in case that helps w/ bank ideas. Anyways, thanks for reading this and I look forward to reading some constructive feedback!

Chapter 13

larrywoods0382 — Fri, 17 May 2013 05:51:12 GMT

Apparently, I made my last Chapter 13 payment back on the 29th of March, the trustee mailed me a refund of monies that were left over I suppose after the audit was complete. My question is this, on the National bankruptcy database, it states that the case is closed not discharged and also it is not showing up on any of my credit reports as discharged. I went through a nasty divorce and at one point my 13 was dismissed for non payment because my spouse was taking the money I was sending her and doing whatever she wanted to do with it (I am currently in Afghanistan) long story short, me and my attorney had to work extremely hard to get it reinstated and once it was I made the payments myself until completed, when can I expect it to show on my credit report as discharged and should I be concerned that the national data center is only reporting it as "closed-J"?

Credit one cc

terebe65 — Fri, 17 May 2013 00:31:16 GMT

Hello my Bk was discharged 7/2012. I just realized that I have too many cc and want to close some. I got my credit one cc 8/2012 with 450 credit limit. I want to cancel this cc. It's paid in full. Is it too early to close?

I also have:
Capital one plantnum-2500
Capital one cash reward- 1000
KC penny-300
Victoria secret-250
Target- 200.,..

Any advice will be appreciated thank you

Applying for CC after BK7

PhillyGuy2012 — Thu, 16 May 2013 20:53:57 GMT

Hello,

Looking for some advice.

Filed BK7 in Nov 2012, Discharged in Fed 2013, asset case, so still open, hoping the clousure process will start next month.

Is it better to wait until fully closed to apply for a new cc? Credit Scores range from 686 to 715 currently. Never stopped making my car and house payments, all current and on time, also have a store card currently with a low balance which was not IIB, made all payments and has been alway current.

Thanks

Quick BK7 question regarding Credit Score

PhillyGuy2012 — Thu, 16 May 2013 20:57:32 GMT

I filed in Nov 2012, discharged in Feb 2013, case still open due to assets. My current scores, 686 - 716. I have paid my car, house and one store card throughout the BK, I have NEVER been late, ever. When the BK is finally closed, will my score up in either direction since it is finally closed?

Thanks

Debt charged off to bankruptcy years after bankruptcy occurred?

Aieny — Thu, 16 May 2013 16:24:10 GMT

Back in 2005, I had a bankruptcy. Before the bankruptcy, I had been a customer of Verizon Wireless. In 2008, I switched cell providers but inadvertently forgot to pay the last bill with Verizon. Now, in 2013, they are reporting it as being included in the bankruptcy. I called them, and they said that it had been sold off to EOS/CCA, but that isn't reporting on any of my credit reports (and I don't want to wake that sleeping giant!).

I went through the dispute on each bureau, but the dispute came back that it was a valid note. On the phone, the representative told me that there is nothing I can do, but I know that isn't true. They are claiming because it was included in the bankruptcy (which, since it was a debt incurred after the bankrupcty would be impossible), they cannot even take payment for it, and that I simply have to wait until it falls off in 2-5 years.

I'm not against paying it, but I'm not certain what route I should take to resolve this. The representative told me I should contact my lawyer (I just might do that anyway), but I thought I'd post here and see if there was something I could do in the meantime (or maybe just have more information to take to my lawyer).

Bankruptcy topics

401k and Bankrutpcy

Just got approved for my first cc out of bk7

BK account reporting different information

Rebuilding *during* Chapter 13?

Auto loans post chapter 13 bankruptcy?

BK7 discharged today*

Filed Date 7/30/2003!! BK7

Very confused about TransUnion score

BK7 discharged on Pacer site, now how do I do my clean up, and when?

Closed/Dismissed Ch. 13

1 yr after discharge, accts still have balances

Today my wife and I came to terms with the fact that we are bankrupt because of custody battle

What happens after the last payment is made in a chapter 13 in NYS?

Can't pay my credit cards anymore do to legal fees and and custody

Online Bank Acct's that are good for people post BK?

Chapter 13

Credit one cc

Applying for CC after BK7

Quick BK7 question regarding Credit Score

Debt charged off to bankruptcy years after bankruptcy occurred?

Rebuilding during Chapter 13?