We Recommend that Our Ohio Bankruptcy Clients Obtain a Credit Report Before Filing
If you live in Ohio and are planning on filing for bankruptcy then a credit report can help you in several ways. Some of these include:
1. Ensuring that all creditors are listed and that the creditor names, addresses, type of debt, balances due and account numbers are accurate. This is important so that all creditors are given proper notice and all debts are accurately listed so they are covered by your bankruptcy filing.
2. A credit report may help us find creditors that you have overlooked or forgotten about. In order for a debt to be discharged, it must be properly listed, so it is important that we are aware of all of your debts.
3. Credit reports can alert our firm to judgments or pending lawsuits against you that need to be addressed and that you may not be aware of.
4. Credit reports can also alert us to liens against your property for which we may need to seek lien avoidance in order to protect your property.
5. The credit report could alert us to co-signers on some of your debts, which are important to list in your bankruptcy.
6. If you are married, then we might find items on your credit report that you are unaware of and the report will also help us determine if you should file individually or jointly with your spouse.
7. We may find out about debts that were incurred by a prior spouse, possibly without your knowledge.
8. The credit report may alert us to mistakes on your report and you can then take action to correct the mistakes.
9. The credit report often provides information on the collection agencies representing creditors for debt collection. This allows us to notify the collection agencies of the bankruptcy so that collection efforts stop.
10. If the Internal Revenue Service has a tax lien on your property, the credit report will alert us so that it can be dealt with properly.
11. Knowing what is on your credit report can help you take steps to improve your credit and get back on track to a better credit rating for important purchases after your debts are discharged.
Our law firm can provide Clients with a three bureau credit report that includes all information for the last ten years and is specifically prepared for use in preparation for bankruptcy filing. Our firm will provide you with a copy of the report for your review. To learn more about how a credit report can help you in bankruptcy, contact an attorney now.
