Schedule F

[JUSTAHICCUP]

What is it exactly???? How much credibility does it have???

[newbie2]

What is it exactly???? How much credibility does it have???

Here is a link to the Schedule F explanation: http://docs.google.com/viewer?a=v&q=...MEhYCwW3inVh3w

I don't understand your question about the "credibility" of it. It's the document in which you list all of your usecured creditors holding non-priority claims. Essentially, it's a list.

[JUSTAHICCUP]

Thanks Newbie,

The credibility issue is do to one of my creditors asked to see the schedule F. This creditor is one of my CC companies and is not mentioned, therefore they would re-activate my credit card so I can continue to make voluntarily payments and have use of the card if needed. The way I understand the chapter 13 is all creditors are are effected.... Does this make sense???? The actual schedule F my attorney sent me only has my name and case number, no one is mentioned under "Creditors Name".....

Thanks for your help....

[debtinohio]

If you owe them anything you MUST list them, you cannot make voluntary payments to anyone in a chapter 13. Do not expect to have any creditor keep an account open.

[lrprn]

...one of my creditors asked to see the schedule F. This creditor is one of my CC companies and is not mentioned...

Did you owe anything to this cc on filing day? If you owed $0, then it was fine to leave them off the creditor list. If you did owe them even a $1, then they needed to be listed.

...therefore they would re-activate my credit card so I can continue to make voluntarily payments and have use of the card if needed. The way I understand the chapter 13 is all creditors are are effected.... Does this make sense????

Did this cc contact you first or did you contact them first?

Remember that in Ch 13, you are not allowed to take on new debt - and that includes cc debt - unless your trustee approves. The first question he/she will ask is how can you reopen a credit card and make payments on what you charge if all your disposable income is in your Ch 13 payment? That's not staying under your trustee's radar.

Be sure to talk this over with your laywer before doing anything. And keep in mind that you need to learn to live without credit cards in order to make it for five years to a successful finish. You have to adjust your spending to stay within what you bring in, increase your income, or reduce your expenses. There's really no other way to do this and emerge from Ch 13 without any unsecured debts.

The actual schedule F my attorney sent me only has my name and case number, no one is mentioned under "Creditors Name".....

Did you have creditors - any creditors - that you owed money to when you filed? All creditors should be listed on Schedule F.

If you have a PACER account, log on, open your case, and pull down your original filing papers. See what's listed there on Schedule F, because that's what the court and your trustee are seeing.

[JUSTAHICCUP]

Thanks IRPRN!!! Very helpful.... The whole purpose of the chapter 13 was to stop the sell date from foreclosure. Strictly a stall tactic until my preliminary injunction is filed. It seems like this is a blocking tool only... I'm trying to see if my situation is a bit different than others here on the forum. I read about Chapter 13 & 7, however did these people file because there were about to loose there home or because they could not meet unsecured liabilities anymore.... So many different angles and pieces to the puzzle.....

Thanks for the feed back..... Very helpful.....

[debtinohio]

Most chose to pay their house rather then unsecureds. You managed to do the opposite, which is now why timing is so important for you. Either way, that available credit is gone save for maybe a kohls card or other clueless lender. I know, I had cards everywhere, every store and each major issuer even the crappiest little store card with 0 bal that I did not list has been closed.

[JUSTAHICCUP]

I actually have two credit cards that are issued from my bank. My unsecured debt consist of three cars with tens months remaining and I own.... I owe 690,000 on my first with comps around 525-650K... Looking to get a significant loan reduction once it's time to meet with the trustee.... My TRO was filed last week and it was granted. Now we go for the preliminary injunction... CRAZY TIMES...... Thanks for your feed back.... Very helpful......