Does Credit Report Show c13 Codebtor Stay or Community Di=
Posted: Wed Jun 20, 2012 5:40 pm
Alik:
you ask too many questions
ok, just kidding.
Credit reports have many sections.
First section - general derrogatories, no listing of bk unless the actual person about whom the report is wirtten filed bk.
Second section - where individual debts are listed will have the "this account affected by bankruptcy" or similar language, incorporated. Once for each debt affected. Since these derrogs each count against credit score, 20 pts, or so, each, can lower score a lot.
dennis
________________________________
To: CDCBAA Listserv ; NACBA BK ; CAMFFG
Sent: Wednesday, June 13, 2012 6:04 PM
Subject: [cdcbaa] Does Credit Report Show c13 Codebtor Stay or Community Discharge?
What does it say on the credit report of a codebtor who receives the benefit of someone else's chapter 13 bankruptcy or community discharge. Clearly, it will not say that this person filed bankruptcy.
I heard that the credit report of the person protected by chapter 13 codebtor stay says "account affected by bankruptcy." Is this correct?
The nonfiling spouse will have many accounts affected by community discharge. Will anything on the credit report show that?
Alik Segal
Alik.Segal@gmail.com
310-362-6157
California Central District
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