A free guide for Arizona residents considering bankruptcy. Filed in D. Ariz..
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 D. Ariz.. Courthouse: 230 N 1st Ave, Phoenix AZ.
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 D. Ariz.. Local trustee practices may vary. Consult a qualified attorney.
230 N 1st Ave, Phoenix AZ.
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