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Is a Co-Lessee’s obligation discharged in bankuptcy ?

We have a car that was leased under a limited company name and under my name.

I declared bankuptcy in Decemeber of 2004, but the limited company kept up the lease payments, although 1 or 2 months behind.

I was dismayed to find that my personal credit file is still reporting credit history for me (the Co-Lessee’s).

I was understanding that my obligation for the vehicle, ended with the filing of the bankuptcy, and that reporting credit history after the date of the bankuptcy for this vehicle would be illegal.

Where do I stand to have this information removed from my credit file, post bankuptcy, and what are my legal obligation as a discharged bankrupt regarding this GMAC vehicle.

One Response to “Is a Co-Lessee’s obligation discharged in bankuptcy ?”

Barton Goth, GCO Inc. Bankruptcy Trustees said...

It sounds as if the credit bureau may have made a mistake. If you contact them directly and provide them a copy of your bankruptcy documents they will be able to reflect what has actually happened. However, you will still show this account as an R-9 for a maximum of 6 years from the date you were discharged (if this is a 1st time bankruptcy, for a second time bankruptcy this is increased to 14 years).