A free guide for Texas residents considering bankruptcy. Filed in W.D. Tex..
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 W.D. Tex.. Courthouse: 615 E Houston St, San Antonio TX.
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 W.D. Tex.. Local trustee practices may vary. Consult a qualified attorney.
615 E Houston St, San Antonio TX.
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