Creditor Information
When a Debtor decides to file for bankruptcy, regardless if it is a Chapter 7 or Chapter 13, he must provide his attorney with certain information in order for the petition and schedules that get filed with the court to be filed out completely and accurately. One of the main things that need to be provided is all the Debtor’s Creditors.
The main reason most Debtors file for bankruptcy is to get the creditors to stop calling them. However, the only way for a Creditor to be made aware of the fact that a Debtor filed a bankruptcy is for them to be notified. If the attorney does not have all the Creditors, there is no way for the Creditors to be notified. Debtors should not rely on the fact that their attorney’s office is going to run a creditor report. Many times creditors aren’t listed, especially if they are medical bills or have recently been turned over to a collection company. Also, the address of the creditor is not always listed in the creditor report and a statement is needed in order to notify the creditor at the correct address. Pay day loans are rarely listed on a credit report and usually must be notified at the location the loan is received because the computers are not linked.
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