Credit Reporting During BK

Anonymous · ‎07-08-2015

I pulled my credit report today and I noticed that a few accounts began to report again. Our Chapter 11 case was closed in June (not discharged) and we are set to begin our 5 year repayment plan in August. Most of the accounts are reporting 90 days past due and are from Bank of America who did not file a claim and therefore will not be receiving any payments. Should the accounts be listed as IIBK or will that only happen once the case is actually discharged after we complete the payment plan? Thanks for any help with this issue. Also this is only reporting on our EX report.

ezdriver · ‎07-08-2015

Was this a business bankruptcy? Ch11 is almost exclusively used by businesses to reorganize debt.

Anonymous · ‎07-08-2015

No it was not a business. It was an individual Chapter 11

Scupra · ‎07-08-2015

@ezdriver wrote:
Was this a business bankruptcy? Ch11 is almost exclusively used by businesses to reorganize debt.

I feel like Ch11 keeps popping up lately lol.