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Question about Unsecured Allowed Claim

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    Question about Unsecured Allowed Claim

    I checked PACER today (20 more days til discharge if you guys were curious ) and noticed a claim for $17k+ which was a loan my ex signed for using the business name was listed as an Unsecured Allowed claim. It also showes that the local Trustee entered it into the system for the company.

    I didn't want to bug my atty just yet, so I Googled unsecured allowed claims and the best I can tell is it is to be paid after the priority claims are paid in full. I guess my concern is, does this mean that it will still get discharged in my chapter 7 since it is still listed as unsecured? I don't want them coming after me when my chapter 7 is over.

    Keep in mind this is money my ex received 100% without my knowledge and this is the first time I've been able to see the documents with his signature on them. Apparently he received about $20k and I didn't see a dime of it. Makes me wonder exactly what he was up to. I'm glad he's gone.
    Filed Chapter 7 (Primarily Business Expenses) 04/10/2008 FICO 468 :cry:
    341 on 05/06/08:unsure:House appraisal on day 63:blink: 07/10/2008 Discharged-Asset Case!!!:yahoo:08/09 Transu 559, Equifax 636, Experian 647
    Case Closed 07/15/2009 :D:yahoo:

    #2
    Yes, it still gets discharged. The allowed/disallowed distinction really only comes into play in really complicated cases. In a nutshell, all claims, secured or unsecured are allowed unless someone objects to the claim.

    The whole allowed/disallowed thing comes into play when claims have to be prioritized. But that distinction has no bearing on dischargeability.

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      #3
      Thank you. I just wanted to make sure I didn't have something else to worry about. I plan to meet with the furniture dealer to appraise my equipment this week and I don't plan on creditors getting much money once it's not worth much. Thanks again.
      Filed Chapter 7 (Primarily Business Expenses) 04/10/2008 FICO 468 :cry:
      341 on 05/06/08:unsure:House appraisal on day 63:blink: 07/10/2008 Discharged-Asset Case!!!:yahoo:08/09 Transu 559, Equifax 636, Experian 647
      Case Closed 07/15/2009 :D:yahoo:

      Comment

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