What Happens to a Creditor Not Listed in Bankruptcy in AZ?
One of the biggest mistakes you can make with your bankruptcy is forgetting to list a creditor. If you forget to include them, they can come after you for the money down the road. Rather than risk this happening, have an experienced Arizona bankruptcy attorney represent you. This way, you reduce the chance of something like this happening.
Check Your Credit Report to See if You Missed Anything
One idea that can help is to print a copy of your credit report. All your debts will be listed on there, along with the amount you owe. There are certain bills that won’t appear on there. Your current utility bills won’t be on there even if they’re late. The same is true for other debts. There are creditors who choose not to report to the credit bureaus. It costs them money to do so, and they may choose not to pay to report smaller debts or older debts.
Your Arizona Bankruptcy Attorney Can Help Look Up Your Debts
If you’re not sure who all your creditors are, your Arizona bankruptcy attorney may be able to help. They can pull a copy of your credit report. They can also look at your paperwork and see if you missed anybody. A lot of petitioners forget that they can include things like utility bills on their bankruptcy. You want to make sure that you list all possible debts on your petition. Anything you don’t list will not be included in your discharge. Your Arizona bankruptcy attorney can file an amended petition. But if your case has already been closed and your debts discharged, it can be very difficult and expensive to fix this.
Make Sure You’re 100% Honest on Your Petition
No matter what happens, you don’t want to get caught lying to the bankruptcy court. If they find out that you lied about your assets or income, you’ll be in big trouble. Having your petition be dismissed will be the least of your troubles. The bankruptcy court and trustee may decide to file criminal charges. Your Arizona bankruptcy attorney could also be in hot water. That’s why they’re going to make sure you tell the truth on your petition. They’ll make you sign an affidavit to this effect. Plus, there’s no need to lie on your papers. If you can’t afford to pay your bills, there’s a good chance your petition will be approved.
Contact One of Our Experienced Arizona Bankruptcy Attorneys
Deciding to file for Chapter 7 bankruptcy may be one of the hardest decisions you ever make. Very few people take this sort of thing lightly. It’s not just a matter of wiping out your debts. Of course, that’s the main reason you file bankruptcy in the first place. But a lot of Arizona bankruptcy attorneys have clients tell them that it’s a matter of pride. For people who have worked hard to pay their bills all their lives, admitting that they can’t afford to pay them anymore is hard. Most of them will do anything they can to avoid bankruptcy. They sign up with debt consolidation companies and then realize that they take years to make a difference. Others refinance their mortgage and use the money to try to pay off debts. It’s not always enough. The good news is that our Arizona bankruptcy attorneys are here to help. All you have to do is call and set up a time to come in and meet with one of our skilled lawyers.