Monthly Archives: January 2021

Trying to figure out which package best meets your needs can be difficult and confusing. Generally speaking, if you are in the process of refinancing or getting a new mortgage you will want to order the Complete Bankruptcy Package. To provide proof to debt collectors or creditors you will want to order the Schedules Package.

Complete Bankruptcy Package

You should order a complete bankruptcy records package if:

– financing, or refinancing a home –
– applying for an FHA, SBA or other substantial loan types –

Mortgage lenders require proof of bankruptcy records filings. The voluntary petition, schedules, list of creditors, meeting of creditors, discharge record and any reaffirmation agreements (if there was one) will all be included when ordered. We work with finance companies/real-estate brokers on a daily basis, if you would like us to send the copies directly to your agent or loan officer simply include those instructions when placing your order.

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Bankruptcy Schedules Package

This package is what is needed for:

– credit reporting errors –
– proof for debt collectors trying to collect on old debt –
– if a new employer requests a copy of your bankruptcy –
– to verify claims disputes from creditors claiming not to be included in case –

The Schedules package Includes Bankruptcy Schedules A-J, and the Discharge Records. These are the official documents filed by the Trustee or Attorney, at the beginning of the bankruptcy. The Schedules include a list of all creditors listed in the bankruptcy, along with the account numbers, and the dollar amount of the debts.

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Discharge/Dismissal Package

You should order Discharge/Dismissal package:

– as protection from creditors –
– when applying for any form of credit and smaller loans i.e. auto loan –
– to know which debts were discharged –
– to verify the case is closed and satisfied –

Discharge Records are the official signed document, that is filed by the trustee after the bankruptcy is complete. The Discharge Record is what is needed for proof that the bankruptcy has been completely discharged or dismissed and is closed.

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Docket Package

You should order a Docket package if you:

– would like an ongoing record of the case –
– need your case number –
– want a quick update on the current status of the case –

Docket reports do not include any actual documents that were entered into the case. Dockets are typically a one-page summary/snapshot of court proceedings.

Why You Need Copies Of Bankruptcy Records:

If you have yet to obtain copies of your bankruptcy records it is most likely because you aren’t aware of their importance. A lot of people believe that their records will make their way to their creditors and be available for online reports, but this isn’t exactly how it works.

Despite a bankruptcy you still may qualify for a home loan or a car loan. Sometimes you can still apply for credit cards. It is not always a cut and dry case. What actually shows up on your records is more like a red flag rather than an explanation. You will need to be able to show the new creditors that your case has been discharged.

The filing process can seem a bit complicated which is why so many consumers simply breathe a sigh of relief and move on once it has finally culminated. However, it’s best to always have an available copy of all your bankruptcy records so that any questions or disputes can be handled immediately. Allowing any kind of overhang from the situation tends to make one stressed and anxious. Being able to simply show the right paperwork when asked makes life much easier and smoother.

It is quite common to find that you still have creditors hounding you despite your bankruptcy. This is often because they don’t have any accurate record of your terms or dealings with the process so you simply look delinquent to their computer. Thus, your name and phone number pops up at the collection bureau. Taking it upon yourself to clear up any break down in communication is part of finishing off the bankruptcy on your end.

In most cases you will have to pay a small fee in order to receive your records. Technology has made it much easier than ever to get those records and have them in your possession quickly. You don’t have to request numerous copies sent to you via hard copy any longer. You can have the records sent electronically and then you can store them and gain access to them easily.

Regardless of your reasons for filing, be sure to get a copy of your bankruptcy records as soon as possible. Think of it in terms as the final step in your process and you will find that you are suddenly back on the road to financial ease. From there, it’s a function of managing your funds and taking steps to prevent such matters from presenting themselves again in the future.