Consumer Credit Issues

I recently conducted a poll of bankruptcy attorneys across the country for their recommendation on how to rebuild credit after bankruptcy.

What can you do about a judgment lien filed against you by a creditor or debt buyer that is now out of business?

Law firms like Mann, Bracken that have closed down, filed bankruptcy themselves, or otherwise disappeared still appear as judgment creditors on thousands of credit reports.  In many cases, you may have legitimate grounds to challenge these judgments:

Did you ever wonder why certain items appear on your credit report?  The answer lies in a federal statute, 15 U.S.C. 1681c.  A consumer reporting agency may not make a report that includes the following items:

“(1) Cases under title 11 or under the Bankruptcy Act that, from the date of entry of the order for relief or the date of adjudication, as the case may be, antedate the report by more than 10 years.