I left a Creditor Off my Bankruptcy Petition - Am I in Deep Trouble
Автор: Personal Bankruptcy Law Atlanta
Загружено: 2025-01-09
Просмотров: 307
Are you looking at a big problem if you discover months or years after the fact that you mistakenly left a creditor off your bankuptcy petition? #leftcreditoroffbankruptcy
As I discuss in this video, there usually is a solution to this problem - sometimes simple, and sometimes a little complicated. But you can usually make this debt go away.
What you must not do is panic. Further you should not make any payments on that debt as payments can, in some cases, limit your options. Instead, pick up the phone and call your bankruptcy attorney for guidance as to what to do.
If the omitted debt is unsecured (like a credit card debt, personal loan or medical obligation) your path to debt elimination will be fairly easy. Assuming that your omission was unintentional, you can argue that the debt should be discharged because had it been included it would have been wiped out in your bankruptcy. #bankruptcydischarge
If the omitted debt is secured, or if the unsecured creditor is not cooperative, you may have to re-open your bankruptcy case. Believe it or not you can re-open a bankruptcy case months or even years after discharge. #unsecuredloan
Finally in some cases, your attorney can negotiate a small settlement (perhaps a few hundred dollars) to make this problem go away.#atlantabankruptcyattorney
Again, the key is to avoid panic or a knee jerk reaction without advice. The problem of an omitted creditor is rare but it happens enough so that most experienced personal bankruptcy attorneys will know what to do.#bankruptcylawyer
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