A free guide for Missouri residents considering bankruptcy. Filed in E.D. Mo..
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 E.D. Mo.. Courthouse: 111 S 10th St, St. Louis MO.
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 E.D. Mo.. Local trustee practices may vary. Consult a qualified attorney.
111 S 10th St, St. Louis MO.
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