Tuesday, August 3, 2010

Why bankruptcy discharge records are important?

Bankruptcy records include your bankruptcy complete file (Voluntary petition) including creditor’s listing, reaffirmation agreement (apply case to case basis), and bankruptcy discharge order.

Bankruptcy discharge order is an order of the bankruptcy judge relieving, the bankruptcy filer, of further liability for certain debts to ease financial burden. Once a bankruptcy is filed it generally takes approximately 4 to 5 months to receive discharge. When a bankruptcy is discharged, the filer is no longer legally liable for old debts included in bankruptcy filing.

Bankruptcy records will certainly help you to start a happy and vibrant life. With the discharge of your bankruptcy, you need it to confirm old creditors the end of your bankruptcy and for new lenders to establish new credit. So for this very purpose you require a copy of your personal bankruptcy records, your discharge order in particular.

You need these papers for number of purposes in the years following the completion of your case. At times bankruptcy discharge orders solves most of the purposes listed below.

* Applying for credit card
* Applying for personal loan
* Applying for fresh mortgage
* Applying for SBA Loan
* Applying for FHA Loan
* Fixing your credit report
* Applying a new job.

Sometime you may even need complete bankruptcy file.

Please note that federal bankruptcy records are included in public records and can be ordered or viewed by any member of public. No need to do endless online searches for bankruptcy papers the produce measly results. Now you can retrieve bankruptcy documents and information online as and when you need.

You have taken this chance to create a new life for yourself and your family. You deserve and with the records to prove your discharge, you will enjoy many new opportunities to rebuild your credit. Thus having copies of the bankruptcy discharge papers is important and are meant to be keeping safely.

About:

Joe Dindo: is working with Bankruptcy live.com a bankruptcy records retrieval service, serve all 50 states, and every county, and court. We can retrieve bankruptcy documents and information you need.