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Well one very real possibility is that you can be prosecuted for fraud (or contempt of court), because you swore, (numerous times and places) that you provided all that info to the court and made reasonable actions to make sure you did.
Depending on whether the case is still pending or resolved, and how certain notices were handled may determine if there is anyway to include it now, or get protection from the BK that was resolved, or even if the above can be shown to be just a simple mistake of one that should be criminally prosecuted.
Time for a lawyer for sure!
I think a person facing debt problem and forget that shows he/she is fraud.
And if it happens when filling bankruptcy then bank will take legal action against that person.
Wiki User
∙ 12y ago
Wiki User
∙ 14y agoNormally, the bankruptcy attorney you hire can file amended forms with the court within a certain time frame of the original bankruptcy filing. There are costs associated with this that I believe is tied to not only the number of debts, but the amount of those debts. Your bankruptcy attorney can answer that question and usually does so at no charge.
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What if the debt is incurred after the bankruptcy filing but before the bankruptcy discharge?
When an individual files for bankruptcy, he/she must list down all the creditors and debts that they have. If the bankruptcy has already been filed and the individual has incurred new debt but has not yet been discharged by bankruptcy, that new debt is not included in the bankruptcy discharge. For an official opinion, it is advised you seek legal counsel. It is really important to seek legal advice from the expert about filing for bankruptcy.
How much debt can you have before filing for bankruptcy?
There's no maximum amount. If you can't make your payments you file bankruptcy.
What are my options for debt relief besides filing bankruptcy?
Instead of filing bankruptcy, you can contact your lenders and negotiate settlements with them. If they are aware that you are facing bankruptcy, they often will settle for amounts less than what you owe them.
How much debt should one have before filing for bankruptcy?
It would depend on the person as to how much debt one would have to have before filing for bankruptcy. Some people can have more debt than others and be ok with it, while others would feel the need to file.
Is financial debt solutions a better solution fo filing bankruptcy?
Debt solutions or consolidation is something you should look into before filing bankruptcy. Consolidationg your debt allows you to make smaller payments over a set amount of time and can positively effect your credit.
Is a credit line on your house included in bankruptcy?
That is up to the person filing the bankruptcy. You can include or omit any debt that you choose.
When filing chapter 13 should all debt be included?
when filing any bankruptcy you must disclose ALL debts.
What does the term 'corporate bankruptcy filing' mean?
Corporate Bankruptcy Filing is the name given to the process when a business becomes insolvent and unable to meet their debt commitments. This is in contrast to personal bankruptcy where an individual becomes insolvent.
How much debt should you be in before filing a bankruptcy?
id say 20,000 or higher.
Will a car title loan be discharged by filing bankruptcy?
No, only unsecured debt is discharged.
Can a debt be discharged in a no asset chapter 7 if it was incurred a few weeks before the filing?
For the most part yes. The only problem you could run into is if the creditor involved believes that you intentionally incurred the debt with the intention of then filing bankruptcy. If they can prove this the debt is determined to be bankruptcy fraud and nondischageable.
Is a creditor allowed to collect on a debt discharged in bankruptcy filed thirteen years ago?
Absolutely not. That debt is null and void. First, make sure that debt was actually included on your bankruptcy filing, and was discharged properly. Second, send the debt collector a copy of the bankruptcy filing, and tell them to get lost. If they persist beyond this point, they are in contempt of the bankruptcy court filing. They are also violating state and federal laws by pursuing a debt that has no legal standing. File complaints with your local state attorney general's office, and think about suing them under the Fair Debt Collection Practices Act.
