QUESTION
Post-Bankruptcy Question - Debtor Accounts in Chargeoff Status
Asked on Aug 03rd, 2023 on Bankruptcy - North Carolina
More details to this question:
I filed bankruptcy in 2016 - Chapter 7 - which was discharged in 2017. I had loans with outstanding balances with some finance companies. I just attempted, after nine years, to try to get a small loan and was told that my accounts, even though I included them in the bankruptcy - are in charge off status and that I will need to pay them in full. They have never contacted me, but make sure to advise me of this when ever I speak with them about re-establishing a relationship with their company. I had never heard this and would like to clarification. Thank you.
1 ANSWER
4 Awards
The finance company/bank/credit union is not required to do business with you ever again because you caused them a loss in the past. This is not against the law. They cannot demand that you pay the discharged debt at all, but they can refuse to do business with you unless you volunarily pay it back. There are plenty of finance companies, banks and credit unions out there who were not creditors in your bankruptcy - so take your business to one of those instead.
Answered on Aug 03rd, 2023 at 1:14 PM
This is general legal advice only. You do not have an attorney-client relationship with Attorney Lynn E. Coleman without a signed retainer agreement and payment of any applicable fees.