| • |
A discharge occurs when the
court rules that a debtor is legally relieved
from most debts and creditors cannot take
actions to collect those debts. |
| • |
This usually occurs within
six months of filing. |
| Chapter 7:
Request annual credit reports (Six
months and one day) |
| • |
Get a credit report from
each of the three major credit reporting agencies
(Equifax, Experian and TransUnion) immediately
after discharge. |
| • |
Check for errors, missing
information and an “included in BK”
notification for pre-bankruptcy debts. |
| Chapter 7:
Secured credit card (Six months and
two days) |
| • |
Bankrupt
consumers often can get a secured credit card
immediately after discharge. |
| • |
Annual
percentage rates are usually from 15 percent
to 25 percent. |
|
