     Madaboutcredit (Madaboutcredit) | Wednesday, April 26, 2000 - 12:20 pm 
I am filing a chapter 7 bankruptcy. Can somebody explain the importance of the last pages of the forms (called the creditor matrix I believe) as there maybe a discrepancy between the listing of creditors and this matrix. What does the court use this for anyhow and will I get in trouble if the judge/trustee notices? |
| Christine Baker (Admin) | Wednesday, April 26, 2000 - 04:37 pm
I don't know the answer. Are you filing without an attorney? Also, STATE laws apply and we don't know where you are. |
| Madaboutcredit (Madaboutcredit) | Thursday, April 27, 2000 - 08:09 am
Central Court of California. |
| Christine Baker (Admin) | Thursday, April 27, 2000 - 09:43 am
I doubt we'll have a California lawyer respond here.
I highly recommend that you do NOT follow some anonymous person's advice on a forum in such an important matter.
It's one thing to take advice on a credit dispute, but with bankruptcy filing you can't try a different approach if the first one fails.
I believe Nolo has a book on California bk, you might want to get that. I'd ask a lawyer. Or, call the trustee's office. Maybe they can tell you or provide you with more info. |
| Christine Baker (Admin) | Thursday, April 27, 2000 - 09:44 am
And, why not ask the person who prepared your papers? |
| Mitch (Voigtkampff) | Tuesday, May 02, 2000 - 05:39 am
If you are really concerned, I would recommend amending the schedules so that they conform with the matrix. But I cannot tell if you have reason to be concerned. To say that there is a "discrepancy" is a bit vague. If you have no reason to be concerned, and it is a meaningless error, then some would argue "why bring attention to it?" On the other hand, some courts feel that it is not your place to decide what is "meaningless" - so you should disclose everything.
Keep in mind that it is important that a matrix be accurate. That is the list of parties who are noticed of your bankruptcy. If a party is not notified, then they can argue that the bankruptcy did not discharge your liability to them. In many states they could argue that they are still allowed to pursue you.
Also keep in mind that you are expected to make full disclosure in bankruptcy. If you are aware that you have omitted some information, and the omission is "material" as defined by that court, the intentional omission could cause real problems. |
| Christine Baker (Admin) | Tuesday, May 02, 2000 - 08:52 am
Welcome back, ** MITCH **, glad to see your posting. |
