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  1. Bankruptcy Glossary
  2. Unscheduled Debt

What is an Unscheduled Debt?

If a creditor and debt is omitted from the schedules the debtor must contact their bankruptcy lawyer as soon as possible and provide the omitted information.

Claim information for debts is documented on bankruptcy schedules and filed with the bankruptcy court. Schedule D outlines the creditors holding secured claims, Schedule E identifies the creditors holding unsecured priority claims and Schedule F identifies creditors holding unsecured non-priority claims. All claims must be accurately documented with the name and address of the creditor, the amount of the debt and the type and value of any collateral to ensure the creditors receive all funds due.

Creditors must also be notified of the bankruptcy process. If a creditor is omitted from the schedules the debtor must contact their bankruptcy lawyer as soon as possible and provide the omitted information. Creditors who are not listed on the bankruptcy schedule may lose their rights to participate in the distribution of assets. Under certain conditions the courts may allow unscheduled debts to be non-dischargeable.