cancel
Showing results for 
Search instead for 
Did you mean: 

Removing Collections Account post Chapter 7 Discharge

StazzyBoo
Valued Member

Removing Collections Account post Chapter 7 Discharge

Hey guys,

Filed for chapter 7 in Sept'19, discharged Dec'19 in California.

 

I have since disputed all wrong information post bankrupty (following instructions in below link - with cover letters, table of contents, doc describing how its being reported and how it should, etc - very meticulous and organized). I only got one dispute result letter back, the others arrived at someones elses mailbox (USPS sends you scans of incoming mail and I never got 2 of the 3). But 30+ days post receipt (I sent cerfied mail) I pulled my credit report... unfortunately one account which was discharged in the bankruptcy is still listed as a collections account even though status says "discharged in bankruptcy" or "in bankruptcy". My question is should this no longer be reported as collections at all? I thought per bankruptcy laws debts discharged in the bankruptcy can not be reported as collections - is this not true? See below myfico lists it under "collections".

 

Is my understanding wrong? If it's not, I will apply for credit and redispute and if get denied for credit I will consult a lawyer.

 

Lawyer website which I followed instructions from: https://www.bondnbotes.com/2015/12/28/fix-credit-report-after-bankruptcy/

Screenshot of report:

Screen Shot 2020-03-05 at 5.35.33 PM.png

Aug 2011: EX: Below 500's EQ: Below 500's TU: Below 500's
April 2013: EX: 561 EQ (myFICO): 606 TU: 614
May 2013: EX: 689 EQ (myFICO): 623 TU: 615
June 2013: EX: 712 EQ (myFICO): 659 TU: 649 EQ Direct: 576

Finished rehab August 2012. Equifax no longer shows any deliquency, Experian has one deliquent account, and Transunion has 2 reporting.
3 REPLIES 3
Em71
Frequent Contributor

Re: Removing Collections Account post Chapter 7 Discharge

Not a lawyer, but your site says it can't report any balance owed, in collection, etc.  Your report has 0 balance and discharged in bankruptcy.  What are you saying is wrong?

Message 2 of 4
StazzyBoo
Valued Member

Re: Removing Collections Account post Chapter 7 Discharge


@Em71 wrote:

Not a lawyer, but your site says it can't report any balance owed, in collection, etc.  Your report has 0 balance and discharged in bankruptcy.  What are you saying is wrong?


That my credit reporting agencies still see it as a collections. It's listed as collections account not as part of regular accounts so it's still considered collections (see screenshot), account is placed specifically under collections. I don't think that should be the case.

Aug 2011: EX: Below 500's EQ: Below 500's TU: Below 500's
April 2013: EX: 561 EQ (myFICO): 606 TU: 614
May 2013: EX: 689 EQ (myFICO): 623 TU: 615
June 2013: EX: 712 EQ (myFICO): 659 TU: 649 EQ Direct: 576

Finished rehab August 2012. Equifax no longer shows any deliquency, Experian has one deliquent account, and Transunion has 2 reporting.
Message 3 of 4
FireMedic1
Super Contributor

Re: Removing Collections Account post Chapter 7 Discharge

Anything negative before the file date of a BK stays the same. Only difference it has to say $0 balance and IIB. Past negs dont go poof because you filed. Just the balance for the debt is wiped out. When the fall off date comes. Thats when it will no longer affect your scores.





My posts are JMHO. My siggy is not to brag at all. Just sharing my experiences after learning here from rebuild to recovery after BK DC 540's. And to show fellow members what can be accomplished when you do it right and play the FICO Credit Game.
Message 4 of 4
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.