How are accounts discharged in bankruptcy reported on credit reports?
Date: Sun, 06/07/2020 - 20:23
How are accounts discharged in bankruptcy reported on credit reports? Are they removed after the discharge?
Hi Austin!
Hi Austin!
Unfortunately, the answer is yes. A bankruptcy filing will be written on your credit report for 7 to 10 years.
You will get information about the debts discharged in bankruptcy appearing on your credit report also.
I would like to add 2 points
I would like to add 2 points here. Discharged debts are reported on your credit reports in 2 ways.
Debts discharged in bankruptcy
Balance owed on debts is 0
Check your credit reports 3 months after your debts have been discharged. That would give creditors enough time to update your credit report.