| • |
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. |
|
