Bankruptcy news of the day:

An article from The New York Times.

Excerpt: “When you file for personal bankruptcy protection and have debts discharged by the court, your credit report is supposed to be updated to reflect that you no longer have to pay those bills.

In the past, the big three credit reporting bureaus were not always so good about doing that. But in the last few years, the bureaus have become much better, says John Ulzheimer, president of consumer education at SmartCredit.com.

The reason, he said, is a settlement agreement the bureaus reached to as part of a class-action lawsuit. (Mr. Ulzheimer was an expert witness on behalf of plaintiffs in the suit.)”

Keep reading at the link below!

Credit to original article: http://nyti.ms/18cV0ev