Bankruptcy: Learn v. Credit Bureau of Lancaster

Information that should and should not be reported where there is a bankruptcy.
David A. Szwak

Bankruptcy: Learn v. Credit Bureau of Lancaster

Postby David A. Szwak » Mon Oct 24, 2005 6:04 pm

664 F.Supp. 962

United States District Court,
E.D. Pennsylvania.
Civ. A. No. 85-7448.
June 1, 1987.

Consumer brought action against credit reporting agency for violation of Fair Credit Reporting Act. Agency moved for summary judgment.

The District Court, Troutman, Senior District Judge, held that: (1) report by agency, which stated that consumer had past due and owing debt was accurate, even though debt had been discharged in bankruptcy, where entry accompanying account description indicated that manner of payment was charge off as result of bankruptcy, and (2) agency could report account charged off by creditors to profit and loss as result of consumer's bankruptcy for period of ten years and was not required to omit reporting of specific debts discharged by bankruptcy after seven years.

Motion granted.

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