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When a creditor is paid-off through a Chapter 13 Bankruptcy is the creditors information automatically removed from your credit history?
Wiki User
∙ 10y ago
No. Sometimes it will be reported as "Included in Bankruptcy"
Wiki User
∙ 10y ago
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How do creditors find out you filed bankruptcy?
Creditor receive a notice from your BK from the BK court.
Do you notify creditors of your bankruptcy or does your attorney?
You have to provide the court with a list of all your creditors, called the creditor matrix, which the court uses to send notice to all creditors.
What has the author Diane Sigmund written?
Diane Sigmund has written: 'Protecting your rights as creditors in bankruptcy' -- subject(s): Bankruptcy, Debtor and creditor
If someone filed bankruptcy back in 1999 and a creditor was not listed were they included in the bankruptcy?
No. And if you knew they were a creditor, you could be subject to fraud charges for having filed papers with the court swearing you were declaring your entire financial status and known creditors.
What are creditors holding secured claims?
If you signed a Security Agreement, then your creditor has a secured claim on the collateral specified in the agreement.
Will a closed credit card account receive notice of a bankruptcy filing?
Only those creditors you list on your bankruptcy schedules / creditor matrix (list) will receive actual notice.
Will your mortgage company know if you filed bankruptcy?
Yes. When you file bankruptcy you are required to fill out a number of forms. Schedule D is the form for Creditors holding secured claims and a home mortgage is a Secure Debt. You will have a complete list of all your creditors names, addresses, account numbers on a form called the Creditor's Mailing Matrix. The Bankruptcy court sends notification to all the creditors listed that you have filed bankruptcy.
What has the author Arnold B Cohen written?
Arnold B. Cohen has written: 'Guide to secured lending transactions' -- subject(s): Forms, Law and legislation, Loans, Security (Law) 'Bankruptcy, secured transactions, and other debtor-creditor matters' -- subject(s): Bankruptcy, Debtor and creditor, Security (Law) 'Debtor-creditor relations under the Bankruptcy Act of 1978' 'Teaching notes to accompany book 2 of Debtor-creditor relations under the Bankruptcy Act of 1978' -- subject(s): Cases, Debtor and creditor 'Bankruptcy, article 9, and creditors' remedies' -- subject(s): Bankruptcy, Cases, Debtor and creditor
If you file a bankruptcy petition does that change the status of a debt on a judgment to the creditor?
A judgment is final and does not change. The creditor was awarded and filing bankruptcy is a different issue. Also state laws vary. A petition in bankruptcy lists the debtor's assets, liabilities, and debts so that a realistic arrangement for the payment of creditors can be devised.
Is it illegal to not tell creditors that you have filed Bankruptcy?
You don't have a choice. You list all of your creditors and the court notifies them of the filing. If you deliberately omit a creditor from the list you can be charged with a federal crime and, more seriously, denied a discharge or have your discharge (as to ALL creditors) revoked.
Can you add an additional creditor after a bankruptcy proceedings had already been submitted without going to your lawyer again?
(UK - US and other countries may follow different legislation)All creditors need to be listed on your application for bankruptcy. As your lawyer / solicitor is, usually, the person who submits the application, you will need to discuss it with them (Failure to disclose information about creditors can be viewed as fraud).Wasn't logged in.
If a chapter 13 bankruptcy has not been discharged can a creditor be added?
The bankruptcy is not discharged, the debts are. A creditor can be added if the plan is not too far along or if you have the excess income to pay whatever the creditors are being paid (percent of debt) for the balance of the plan. If it is a post-filing debt, it cannot be added.
