After bankruptcy is filed, people are often surprised and disappointed to see their timely monthly mortgage payments no longer reported to the credit bureaus.   Mortgagees (i.e., the lender that holds the mortgage note) and creditors typically reason that the automatic stay—which is invoked the moment a bankruptcy case is filed and affords debtors in bankruptcy proceedings expansive relief from creditor communications and collection activities—prevents them from credit reporting of payments...

Most if not all credit cards can be expected to be eventually canceled once bankruptcy is filed. Whether a corporate credit card will be cancelled depends on how that account is structured and potential employer policy.   Corporate cards can be legally structured in several ways, each resulting in different appearances on one’s credit report and impact on the card once a personal bankruptcy is filed.   When a corporate card is issued to the employee, but the employer company is legally...