Bankruptcy Reporting Overview

    How to reflect bankruptcy events without mischaracterizing post-petition activity.

    Updated 8/14/2025 · 1 min read
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    Precision and timing

    Bankruptcy affects balances, statuses, and future reporting. Coordinate with counsel and follow CRA guidance to avoid double-reporting or suppressing lawful information.

    Pre- vs. post-petition

    Ensure reporting clearly distinguishes pre-petition debts from post-petition activity. Avoid implying new credit obligations that do not exist.

    Last updated
    8/14/2025
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