after filing a ch. 7 bankruptcy petition, does this prevent creditors from reporting a account in bad standing

Question

or does this petition filing prevent them or freeze the account so creditor can't continue action.

Answer 1

NO. After filing Chp 7 BKC. You have a legal stay on creditors. That means they can not pursue you. That means no collection calls, no this and that. but you or your attorney need to provide them with info so that they can close their accounts.

When your BKC is final and everything has been liquidated. It will still appear on your credit as an account that was liquidated through BKC for the next 7 years.

That is the law.