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

Yes, you must list all of your debts when filing for bankruptcy in Massachusetts. All current and past debts should be reported. This includes mortgages, car loans, credit card debt, medical bills, student loans, and other debts. Failing to list all of your debts can be a serious issue, as it can be seen as fraud. In some cases, it can result in the court dismissing your case or denying your petition for bankruptcy. Additionally, any debts you don’t list will still be your responsibility to pay. When filing for bankruptcy in Massachusetts, you are given a form to fill out called a “statement of financial affairs”. This is where you list all of your current and past debts. It is important to be as accurate and truthful as possible when completing this form. It is also important to be aware that certain debts may not be dischargeable during bankruptcy. This means that even though you are filing for bankruptcy, you may still be responsible for some of your debts. This includes secured debts such as mortgages, taxes, and student loans. Overall, when filing for bankruptcy in Massachusetts, you must list all of your current and past debts. Failing to do so can lead to serious consequences. It is important to be honest when filling out the statement of financial affairs and to be aware of the types of debts that cannot be discharged during bankruptcy.

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

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