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Judments reported on the credit report after a Bankruptcy: Daily Q & A

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Services for Real Estate Pros with Credit, Wealth & Success Coaching

 

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

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