New Daily Q&A’s

 

Judgment question: If a judgment is included in a Bankruptcy, should the "Amount" for the specific judgment be 0  and should "Status" for the same judgment show "satisfied" on the client's credit report?

Reply:

Any debt discharged in a BK would have the debt cloaked and a status code included to show that it was "included in BK."  I don't believe a satisfaction is ever filed. 

 

If it does not show included in BK then you need to contact the credit bureaus and have then change it.

 

For more information contact StrategicCreditCoach.com at 877-825-7885

 

Jennifer

 
Posted by Jennifer O'Brien on 08/16/2008 10:57 PM   Comments (0)   credit, credit repair, judgment, bankruptcy  

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Jennifer O'Brien

Fair Oaks, CA

More about me…

Strategic Credit Coach

Address: 4099 Bridge St., Suite C, Fair Oaks, CA, 95628

Office Phone: (877) 825-7885

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Mission: We educate and coach people looking to improve their credit score and overall financial health so they are able to learn financial disciplines and achieve a more secure future. Vision: To raise the standard of living for all people and inspire them to live their passions and dreams and have piece of mind.


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