Posted on: 13th Mar, 2013 12:36 am
i need to know this. while in chapter 13 bankruptcy, regarding section 7 (list of creditors), my understanding is that once this is done, accounts should be closed, also when they are part of the repayment plan those accounts should also be closed. the problem is that my credit report shows such accounts as opened, and late on a monthly basis. all the research i've done thus far has been inconclusive. my bk attorney’s office is no help. any input is appreciated.
Hi Bellboy,
As far as I know, the accounts are not closed rather there is an automatic stay on those accounts and the creditors won't be able to take any legal actions against you.
Thanks
As far as I know, the accounts are not closed rather there is an automatic stay on those accounts and the creditors won't be able to take any legal actions against you.
Thanks
Hi Bellboy!
Welcome to the forums!
I agree with what Sara has said. I don't think the accounts should be updated as closed. Once you get a discharge, then your account status may be shown as "discharged in bankruptcy".
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
I agree with what Sara has said. I don't think the accounts should be updated as closed. Once you get a discharge, then your account status may be shown as "discharged in bankruptcy".
Feel free to ask if you've further queries.
Sussane