How To Do Just About Everything

Now in the UK!

en-US

How to Erase Bankruptcy

Rate:

(0 Ratings)

Post a Comment

Add to Playlist |

I Did This

Part of the video series: Bankruptcy Questions

How to Refinance a Home After Bankruptcy
In order to refinance a home after bankruptcy, most lenders want to see a minimum of 24 months since the d… More
How to Qualify for an FHA Mortgage Refinance
Do you need to reduce your mortgage payments? Is your interest-only or adjustable rate mortgage about to c… More
When Not to Refinance
The most primary reason to refinance is that the mortgage payment under the new mortgage would have a lowe… More
When to Refinance
The best time to refinance is when considering consolidating an existing debt or after credit has been cle… More
How to Refinance an Automobile
Refinance an automobile when the interest rates are at least 2 percent lower than what is currently being … More
How to Refinance Student Loans
Refinancing student loans right after graduation is an important step to getting a better interest rate, a… More
How to Erase Bankruptcy
Erasing bankruptcy is a misconception because the Fair Credit Reporting Act declares what is acceptable fo… More
How to Get a Bankruptcy Off Your Credit Report
Getting a bankruptcy off a credit report is an impossible task due to the fact that the Fair Credit Report… More
Can I Buy a House After Bankruptcy?
People who have filed for bankruptcy are eligible for FHA financing two years after their bankruptcy case … More
How to Get a Loan After Filing Bankruptcy
To get a loan after filing bankruptcy, be upfront about the bankruptcy and demonstrate a stable income and… More
How Do Judgment Collections Work in Bankruptcy?
When filing for bankruptcy, the law provides for an automatic stay, which is essentially an injunction iss… More
How to Refinance a House
The process of refinancing a house is straightforward. However, motivations for refinancing vary. Refinanc… More

Summary: Erasing bankruptcy is a misconception because the Fair Credit Reporting Act declares what is acceptable for removal from your credit report. Rebuild your credit report and avoid misleading information that may lead to illegal activity with information from a lawyer in this free video on bankruptcy.

Views:: 793

Presenter

By Andy Forman
eHow Presenter

Andy Forman, Attorney at Law, has been in bankruptcy representation for over two decades and has lead council in over 3,000 bankruptcy cases. Forman is a member of the Florida Bar and...read more

URL:

Embed:

Video Transcript

"Well, you're considering filing for bankruptcy relief and you've seen the signs on the telephone poles that say they can erase bankruptcy from your credit report. My name is Andy Forman. I'm a business and consumer bankruptcy lawyer in Tampa, Florida, and I deal with these issues day in and day out. And the bad news is, the signs are a misconception. They are a lie. Because the fair credit reporting act, the federal statute which governs credit reporting provides for what can get on and what gets off your credit report, there are two sections to the credit report. And the fair credit reporting act provides that your trade creditors are going to list your bankruptcy on their trade items. They're also, on the official record section of the report, going to have the date of your bankruptcy, the case number, the amount of liabilities, and the date of your discharge. Anybody who wants to charge you a fee to remove a bankruptcy from your credit report is involved in probably illegal activity. They're certainly involved in a misleading event, because bankruptcy cannot be removed from your credit report. Your efforts are best spent rebuilding your credit from an accurate credit report. My name is Andy Forman. Good luck rebuilding your credit."

eHow Article: How to Erase Bankruptcy