Probably because the creditor still wants their money!  Unless that creditor did not get notice of bankruptcy, reporting a balance is a very power debt collection tool and a popular tool by the debt collection industry to collect debts previously discharged in bankruptcy.  In prior articles, I had written how such acts will subject the creditor to liability.  Recently, on January 12, 2009, the Ninth Circuit ruled in Gorman v. Wolpoff & Abramson, LLP, 2009 U.S. App. LEXIS 585 (9th Cir. Cal. Jan. 12, 2009), that California Civil Code 1785.25(a) may also now be used to sue creditors who continue to report incomplete or inaccurate information.  No doubt, reporting a balance after discharge without bankruptcy notation is definitely incomplete and inaccurate!  To read more, please click my National Blog.

Written by Michael G. Doan 

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Debtors frequently complain that they still can not get a new bank account, even though they received their bankruptcy discharge.  This is primarily due to check reporting companies such as ChexSystems, Telecheck, and SCAN.  But with a few simple steps, you can probably get a new bank account in 60 days, and/or, set up FCRA violations against the reporting agencies and Banks.  To read more, please click my National Blog here.

Written by Michael G. Doan 

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Your credit report should generally have no balances and be notated with “Discharged in Bankrutpcy” throughout.  The Bankruptcy Case number, discharge date, and Court location should also be listed.  For more information on this topic, please click my National Blog here.

Written by Michael G. Doan

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Today I got the following email from a prior client: “Hello. I am writing to investigate what I need to do to expunge a bankruptcy from my record. You did ours for us in 2001 (chapter 7) and I would like to remove it…” the questions seems to be coming up a lot lately, especially among prior clients of mine and when I stop to think about it, it makes sense. (more…)