Bankruptcy poses a special problem with regard to credit reporting. A substantial amount of this information is inaccurate or outdated. Typical examples of incorrect bank information appearing on these reports include the indication that both spouses have filed for bankruptcy when only one has filed.

This is usually because the non-filing spouse has included their social security number in the petition or where one or more of the debts may be a joint debt but only one spouse is filing for chapter 11. Often bankruptcy petitions are dismissed which means that there is no longer a pending bankruptcy. Sometimes Chapter 13 cases are converted to Chapter 7 cases.

Credit bureaus do a poor job of keeping track of this information and negative bankruptcy information may remain on the report longer than it has to if not disputed. In order to have a clear credit report, this information should be removed and disputed. An attorney can help with this need for quick pace and effectiveness. Try to keep calm during the system. We know that this is a sensitive set of items, but rest assured, the attorney client privileges is golden.

To keep the risk of lost time and efforts to a minimum, one needs to seek the advice and experience of an attorney. Nothing can be worse than making a bad situation worse. For those that have had problems with thieves stealing personal information, this is also a time to make sure that one is not missing any details. Before you send your most private personal financial information to some "company" without knowing who you are dealing with, you should be forewarned that only a law firm can provide bankruptcy the protections of attorney client privilege and can take legal action in the form of a lawsuit to protect your interests.