I was declared bankrupt, but my accounts are still showing on my credit report

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15.10.24

Jasmin

When you enter bankruptcy, all accounts included in it will normally be marked as defaulted. This process usually happens automatically within a month but can sometimes take longer.   

The defaults will stay on your credit report for six years from the date of default, which will likely be similar to the date your bankruptcy started.  

Your lenders will report the actual status of your accounts to the credit reference agencies, so the defaults will still show even if you’ve been declared bankrupt. This is normal to see.  

If the defaults are showing as active and outstanding, even though you’ve been discharged from bankruptcy, you can contact all lenders included on your Statement of Affairs. They should be able to update the information for you if you provide them with a copy of your discharge certificate – your trustee will be able to help you with this. 

Many lenders can mark the default as ‘settled’ or ‘satisfied’ if you’ve completed your bankruptcy, but there isn’t a requirement for them to do so. 

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