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That being said, many people considering filing for bankruptcy already have low scores. In those cases, bankruptcy can actually increase your credit score. This happens because bankruptcy can actually clear negative items from your credit report leaving only the bankruptcy itself as a negative remark.
Official Form 309I. Notice of Chapter 13 Bankruptcy Case.
Just because a company is going bankrupt does not mean your debt is eliminated. If you have purchased goods or services from a company, you still owe them for what you received from them. If it is a personal loan, credit card company, auto loan, or home loan, of course, you have to pay it back.
If you receive this notice, it means one of three things: The address you provided for the creditor in your bankruptcy paperwork was incorrect, The court sent you notice of your own bankruptcy via this form, or. Someone who owes you money filed bankruptcy.
A notice of bankruptcy case and court-issued notices are sent to the creditors of the individual, corporation, or other entity that has filed for bankruptcy protection.
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Creditors will receive notice of a Chapter 7 bankruptcy through Form 309A or Form 309B for individuals (Form 309C or Form 309D for corporations or partnerships), depending on whether a proof of claim deadline has been set in the case. Form 309I is used to notify creditors of a Chapter 13 bankruptcy.
One key difference between Chapter 13 and Chapter 7 bankruptcy is that Chapter 7 allows people to completely eliminate their unsecured debt after a specific period. In contrast, Chapter 13 allows people to reorganize their debts while paying back some portion of what they owe.
If you receive this notice, it means one of three things: The address you provided for the creditor in your bankruptcy paperwork was incorrect, The court sent you notice of your own bankruptcy via this form, or. Someone who owes you money filed bankruptcy.

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