Do I need to list all of my debts when filing for bankruptcy?

Yes, when filing for bankruptcy in Delaware, you need to list all of your debts. This includes secured debts, such as a mortgage or car loan, as well as unsecured debts, such as medical bills or credit card debt. These debts must be listed on your bankruptcy paperwork in order for the court to consider them when reviewing your case. In addition, if you have any property that could be used to repay your debts, such as real estate or investments, you must list those as well. When listing your debts, it is important to provide accurate information. Make sure to include the name of the creditor, the amount owed, and the type of debt. You should also include contact information for each creditor, including phone numbers and addresses. This will help the court track down any additional information they may need. Once you have listed all of your debt, you must then decide which type of bankruptcy you would like to file. A Chapter 7 bankruptcy eliminates all of your debts, while a Chapter 13 bankruptcy reorganizes and reduces certain debts. You may also be able to file for other types of bankruptcy, such as Chapter 11 or Chapter 12. No matter which type of bankruptcy you choose to file for, you must include all of your debts in the paperwork. A complete and accurate list of debts is necessary for the court to determine if you qualify for bankruptcy and how to best resolve your debt situation.

Related FAQs

What is the difference between a bankruptcy trustee and a bankruptcy lawyer?
What debts are dischargeable in bankruptcy?
Are there any debts that cannot be discharged in bankruptcy?
What kind of debt relief is available to married couples filing for bankruptcy?
How do I know if I qualify for a Chapter 13 bankruptcy?
What is the difference between a Chapter 11 and a Chapter 13 bankruptcy?
What are the advantages and disadvantages of filing for bankruptcy?
Are there any special provisions for filing for bankruptcy as a business?
How do I know if I qualify for a Chapter 7 bankruptcy?
Does filing for bankruptcy have any effect on other legal proceedings?

Do I need to list all of my debts when filing for bankruptcy?

Related FAQs

Related Blog Posts