I Was Told That A Charged Off Account Can’t Be Included In Bankruptcy.
By Susanne Robicsek, North Carolina Bankruptcy Attorney on Feb 15, 2007 in Benefits of Bankruptcy, Discharge, What Can and Cannot Be Forgiven, General Bankruptcy Information
I am hearing more and more stories about people being told by creditors that because an account is being “charged off”, that it can’t be included in bankruptcy.
This is simply not true. A charge off of an account is an accounting mechanism by a creditor. It doesn’t give the account any special status to exclude it from bankruptcy, nor does it mean that you don’t owe the account anymore. It is a debt owed, and it can generally be included in bankruptcy. The creditor’s representative is either ignorant, or they are intentionally lying in order to get payments and/or keep the client from seeking bankruptcy help.
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