A free guide for New York residents considering bankruptcy. Filed in S.D.N.Y..
Bankruptcy does not remove a repossession entry from your credit report. However, filing bankruptcy discharges the deficiency balance - the amount you still owe after the repo and sale. Your credit report should show the balance as $0 after discharge. If it still shows a balance, dispute it with th
Bankruptcy does not remove a repossession entry from your credit report. However, filing bankruptcy discharges the deficiency balance - the amount you still owe after the repo and sale. Your credit report should show the balance as $0 after discharge. If it still shows a balance, dispute it with the credit bureaus under the Fair Credit Reporting Act. The repo notation itself remains for 7 years.
Filed in S.D.N.Y.. Courthouse: One Bowling Green, Manhattan.
Bankruptcy does not remove a repossession entry from your credit report. However, filing bankruptcy discharges the deficiency balance - the amount you still owe after the repo and sale. Your credit report should show the balance as $0 after discharge. If it still shows a balance, dispute it with the credit bureaus under the Fair Credit Reporting Act. The repo notation itself remains for 7 years.
Yes. This applies to S.D.N.Y.. Local trustee practices may vary. Consult a qualified attorney.
One Bowling Green, Manhattan.
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