1. It is bankruptcy fraud
2. It is not dischargeable.
What are you to do?
Well, if you are filing for Chapter 7 or Chapter 13 it is advisable to provide your attorney a list of all of your debts, including recent copies of your 3 credit reports. Although some attorneys help their clients to obtain them (I do!), often they leave it up to you, the consumer.
Well, a few years ago, the FTC- Federal Trade Commission mandated that consumers are now entitled to one free copy of each of the three credit reports, once per year. Woo Hoo! Free stuff from the government!!
The FTC site at www.ftc.gov goes on to explain the specifics, which I quote below
Your Access to Free Credit Reports
The Fair Credit Reporting Act (FCRA) requires each of the nationwide consumer reporting companies – Equifax, Experian, and TransUnion – to provide you with a free copy of your credit report, at your request, once every 12 months. The FCRA promotes the accuracy and privacy of information in the files of the nation’s consumer reporting companies. The Federal Trade Commission (FTC), the nation’s consumer protection agency, enforces the FCRA with respect to consumer reporting companies.
A credit report includes information on where you live, how you pay your bills, and whether you’ve been sued, arrested, or filed for bankruptcy. Nationwide consumer reporting companies sell the information in your report to creditors, insurers, employers, and other businesses that use it to evaluate your applications for credit, insurance, employment, or renting a home.
Here are the details about your rights under the FCRA and the Fair and Accurate Credit Transactions (FACT) Act, which established the free annual credit report program.
Q: How do I order my free report?
A: The three nationwide consumer reporting companies have set up a central website, a toll-free telephone number, and a mailing address through which you can order your free annual report.
To order, visit annualcreditreport.com, call 1-877-322-8228, or complete the Annual Credit Report Request Form and mail it to: Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281. The form is on the back of this brochure; or you can print it from ftc.gov/credit. Do not contact the three nationwide consumer reporting companies individually. They are providing free annual credit reports only through annualcreditreport.com, 1-877-322-8228, and Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281.
You may order your reports from each of the three nationwide consumer reporting companies at the same time, or you can order your report from each of the companies one at a time. The law allows you to order one free copy of your report from each of the nationwide consumer reporting companies every 12 months.
As always, this blog does not create an attorney client relationship. I am a debt relief agency, and help people file for bankruptcy under the bankruptcy code.
Now that the legal mumbo jumbo is out of the way, if you want any further bankruptcy information about chapter 7 and chapter 13 bankruptcy filings, feel free to contact me at 312-427-7400 or visit my websites at Leederslaw.com or ChicagoBankruptcyNetwork.com
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