Latest Chapter 7 Bankruptcy Information News

Business bankruptcies
This is a list of recent business-related bankruptcies filed in US Bankruptcy Court in Minneapolis and St. Paul. The number after the filing date is the case number. A Chapter 7 petition is for liquidation of the business; Chapter 11 (or Chapter 12 for …
Read more on Minneapolis Star Tribune

Direct Air bankruptcy goes to Chapter 7
By Dan Heath Niagara Gazette PLATTSBURGH — A judge has approved a request to convert the Direct Air bankruptcy from a Chapter 11 reorganization to a Chapter 7 liquidation. US Bankruptcy Judge Melvin Hoffman issued the order in US Bankruptcy Court for …
Read more on Niagara Gazette

The play-by-play of Warren Sapp's 59-page bankruptcy filing
Sapp filed Chapter 7, the most drastic bankruptcy alternative that requires the sale of assets to pay off debts. He did this, they say, because he's trying to say that his debts are mostly business debts, not consumer debts. If that's true, it doesn't …
Read more on Tampabay.com

Maclaren USA Stroller Lawsuit Can Roll On

Maclaren USA Stroller Lawsuit Can Roll On
That's because the Bankruptcy Code stops, or stays, pending lawsuits against a company in Chapter 11 or Chapter 7, during the liquidation or reorganization. And while not much else has happened in Maclaren's Chapter 7 case since it began in December, …
Read more on Wall Street Journal (blog)

San Bernardino County pays former official after suing him
The county agreed to pay the trustee in Erwin's Chapter 7 bankruptcy case $ 30000 – more than $ 18000 of which went to Erwin, who claimed the maximum exemption under the bankruptcy code. The settlement was entered in US Bankruptcy Court in Riverside on …
Read more on San Bernardino Sun

Minnesota bankruptcies March 24, 2012
Bankruptcy filings from the following counties: Becker, Clay, Douglas, Grant, Hubbard, Mahnomen, Norman, Otter Tail, Polk, Traverse, Wadena and Wilkin. Bradley J. Skoog, Wadena, and Jennifer L. Skoog, Maple Grove, Chapter 7, debts of $ 240990, …
Read more on Park Rapids Enterprise

Gary Busey Bankruptcy Shocker: Actor Files for Chapter 7 Protection

Gary Busey Bankruptcy Shocker: Actor Files for Chapter 7 Protection
"Lethal Weapon" star Busey filed for Chapter 7 bankruptcy Tuesday, revealing debts that far outweigh his assets. Also read: Newt Gingrich Loses Crucial Gary Busey Vote In the papers, the actor — born William Busey — indicates that he has $ 50000 or …
Read more on Reuters

Trust set up by RI's ex-nursing home exec frozen
Bankruptcy trustee Charles Pisaturo Jr. had argued that the assets of the Potter Road Trust should be turned over to Giordano's bankruptcy estate because the former nursing home executive was the beneficial owner at the time he filed for Chapter 7 …
Read more on Boston.com

New Westchester Legislator Perez files for bankruptcy

New Westchester Legislator Perez files for bankruptcy
Citing unmanageable debt, Westchester County Legislator Virginia Perez, D-Yonkers, has filed for Chapter 7 bankruptcy. Perez filed her legal papers in federal bankruptcy court in White Plains on Dec. 28, claiming that she has $ 476976 in liabilities and …
Read more on The Journal News | LoHud.com

TechMaine files for Ch. 7 bankruptcy
By Rodney H. Brown After disbanding in October, TechMaine, the technology industry trade group in the Pine Tree State, has completely thrown in the towel, filing for Chapter 7 bankruptcy protection. Initially reported in the Bangor Daily News, …
Read more on Mass High Tech

Deletions of Negative Information on Your Credit Report?

Question by Arizona Eddie: Deletions of Negative Information on Your Credit Report?
This is not really a question more like information for you guys. I have been doing this on my own since September 2009, decided not to waste $ 99 a month with Lexington Law to do the same thing, I have managed to Successfully have my Bankruptcy Chapter 7 (Filed in 2005) DELETED from all 3 Credit Reports, as well as 10 other Negative Credit Cards from Capital One, Target, Macy’s and various collection agencies within 4 months.

Just recently I have been able to obtain a New Car Loan, and a Cell Phone Credit Account.

Here is how you do it:
Get your credit report
THE FIRST DISPUTE WILL MOST LIKELY NOT REMOVE IT -
Dispute the information “Please verify all balances/dates as this accuracy of this account is incorrect”
**They have 30-45 days to respond, if they do not verify it, by law it is deleted, if they do it will update*

**DO NOT GET DISCOURAGED- – THIS IS A PROCESS**

When/If it comes back unchanged/Updated Re-Dispute it and state:
“Please state your method of your verification process and source all information on balances, dates and provide information”

Give it 30-45 Days, It most likely will come off/delete from your credit report
If it does not, re-dispute it again with the same statement

My score has increased 100 points in 5 months and i have went from 10 derogatory remarks and a bankruptcy to 3 remarks and no bankruptcy

Best answer:

Answer by bdancer222
Don’t be surprised if all those negatives show back up on your credit report.

Frankly, I find it very hard to believe that you got a bankruptcy removed. That is a public records item and unless you get the public records changed, Chapter 7 shows for 10 years.

Also, the credit bureaus merely have to contact the creditor for verification. They don’t need to ask for any details. If the creditor fails to verify to the credit bureaus, then the item would be removed. You would have to contact the individual creditors to get detailed statement info.

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