Is it necessary to include all bank accounts on Chapter 7 papers if they do not have assests in them?

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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 11 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.


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