Bankruptcy List Of Creditors
A bankruptcy list of creditors contains all the details of the debts owed and to whom the debtor owes money to and a is a requirement by law. You really need to make sure that you are absolutely accurate with all of the information your submit to the courts concerning your creditors as you are required to sign papers under penalty of perjury. Failing to fulfil the necessary requirements concerning your bankruptcy list of creditors could get you in very serious trouble indeed. If you are at any time unsure about the laws that apply to you then you seek professional financial advice. If you have bank card and bank accounts you will only need to add these to your creditors list if you owe any monies on any of your bank cards or accounts.
Any bank cards or accounts that are clear of any debt will not be required but this however does not necessarily mean these accounts will still be available for your usage in the future. Some banks regularly check customer records against bankruptcy lists so if your details are listed it is very common that some banks will freeze or shut down your accounts. If you have previously made payments to any of your creditors within 90 days before your bankruptcy case was filed and those payments were of $600 or more then you will be required to add them to your schedules as a preference. Furthermore, if you have made payments to creditors who are members of your family or creditors who are business associates of yours within the year before your case was filed then these creditors will be preferences and will have to be listed.
You need to take the time to make sure every detail is 100% correct and to follow the bankruptcy laws accordingly. You have the option of adding to your list of creditors as long as they are added within the designated timeframe which has been allowed. Creditors will need to file a proof of claim within 60 days after the date of your scheduled meeting with the trustee in order to be eligible in a share of the assets which are distributed by the trustee.
It is extremely important that you provide as much information as possible when you are on the process of sorting out your creditors. This is a legal obligation that you must carry out with as much accuracy as possible when going through the process of a bankruptcy filing. If you provide inaccuracies or lie about your creditors then you will be breaking the law which is definitely something you will want to avoid at all costs. You don’t want to bring even more heartache and complications into your life by gaining a criminal record on top of your financial troubles.
You would be committing perjury which is a very serious crime indeed. Filing for bankruptcy is a very stressful process without adding to your problems by breaking the law and getting a criminal record. Just remember that when it comes to providing a bankruptcy list of creditors for the court that you do so with the up most honesty and integrity.