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Ellen
Ellen, Attorney
Category: Bankruptcy Law
Satisfied Customers: 36714
Experience:  Bankruptcy Lawyer. Experienced.
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We had an equity line of credit which was paid off when we

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We had an equity line of credit which was paid off when we sold our last house. Fifth Third told us afterwards that we could keep the line of credit open. We filed bankruptcy a year or two later, and Fifth Third was listed as an unsecured creditor. We just found out that there is a foreclosure on our credit report from them. Can they do this?
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Your Question - We just found out that there is a foreclosure on our credit report from them. Can they do this?

My Answer - No

Explanation - The bankruptcy would have discharged your personal liability on the debt. Your credit report may only reflect that the debt was discharged in the bankruptcy. The credit report may not lawfully reflect the foreclosure since your personal liability was discharged in the bankruptcy

I would be glad to respond to any related follow-up questions that you may have.
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