Is it necessary to include all bank accounts on Chapter 7 papers if they do not have assests in them?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Is it necessary to include all bank accounts on Chapter 7 papers if they do not have assests in them?
They were forgotten about. Can I trustee locate accounts that were not included?
Asked on August 25, 2010 under Bankruptcy Law, California
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 14 years ago | Contributor
A chapter 7 Bankruptcy petition requires not only that you list all your creditors, etc., but that you list all your bank accounts, IRA's etc., regardless of the amount that they hold. You do not want to forget to list anything here. Otherwise how can you be protected? It is your obligation to lost the accounts and you verify - swear to - the truthfulness of the petition. If you think you left something out you can amend but the time frame may be an issue. Call and speak with the Trustee and let him or her know what is going on and ask for guidance. Try looking up your name on your state website for accounts that have been dormant and gone to the state. Good luck.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.