Credit Reports and Bankruptcy

 

Credit Reports and Bankruptcy Court Records

  • The Bankruptcy Court does not send information to credit reporting agencies.
    • However, bankruptcy records are public records and may be accessed through the Public Access to Court Electronic Records (PACER) system (www.pacer.gov). PACER is an electronic public access system that allows any user to obtain case information from federal appellate, district, and bankruptcy courts.

  • Who has oversight over credit reporting agencies?
    • The Fair Credit Reporting Act, codified as Title 15 U.S.C. § 1681, governs credit reporting agencies.

    • The Federal Trade Commission (www.ftc.gov) and the Consumer Financial Protection Bureau (www.consumerfinance.gov) have regulatory authority over credit reporting agencies.

  • How long will a bankruptcy case stay an individual’s credit record?
    • See Title 15 U.S.C. § 1681c.