Do I have to list all of my debts when filing for Chapter 7 Bankruptcy?

Yes, you have to list all of your debts when filing for a Chapter 7 Bankruptcy in California. This means that you have to provide an accurate list of all of your creditors and the amount owed on each debt. The list must include all debts that are associated with you, including your family members or jointly-held debt with another individual. Additionally, you must list all property you currently own, such as real estate, cars or other assets. In California, your bankruptcy petition must include a list of all of your currently owned assets and debts, and you must also include documents to prove your income, living expenses, and assets. This is done to assess whether you qualify for a Chapter 7 Bankruptcy and help the court decide how to manage your debt. It is important to include an accurate list of all of your debts when filing for Chapter 7 Bankruptcy. Your omission of any debts from the list could give the bankruptcy court grounds to reverse your discharge, meaning that the debt would remain owed even after discharge in bankruptcy. Therefore, accurate disclosure of your debts is important to protect your rights and help you achieve the best outcome for your financial situation.

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Do I have to list all of my debts when filing for Chapter 7 Bankruptcy?

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