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Closed vs. Chapter 7 bankruptcy

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    Closed vs. Chapter 7 bankruptcy

    My lease vehicle was included in my bankruptcy. It is listed on my credit report as Closed and Pays as Agreed. Should it be listed as INCLUDED IN BANKRUPTCY or CHAPTER 7 BANKRUPTCY. Is it better for my score to list it as Closed or Chapter 7 Bankruptcy?

    #2
    I guess it is better to list it as Chapter 7 Bankrupty, as since it is listed as closed, it also lists how many late payments there were. When it is listed as Chapter 7 Bankruptcy, the accounts don't list how many late payment were made.

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      #3
      I think "closed" is probably the better entry.

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        #4
        This has been one of the questions I was searching for. So do I understand this correctly. Accounts listed as IIB no longer display payment history, good or bad? I am trying to decide of we should try to keep accounts inside of 30 days prior to filing but don't want to throw good money after bad.

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