How to List Money Owed to Me?

[JessMN]

The big reason I am filing BK is because I loaned my ex a bunch of money (and he charged up my credit cards, but thats beside the point) - he verbally agreed to pay me back but we do not have it in writing. Obviously I have been unsuccessful in collecting this. So, how do I list it on my BK? As an Accounts Receivable?

Jessica

[trigabyte1]

Money owed to you is an asset. List it on Schedule B.

I hope you're not filing with the expectation that the court will go after him for the debt. They probably won't. The down side is, if you file, any amount owed by him to you above your exemptions may be "taken" by the trustee. However, I doubt they'll want to deal with going after a personal obligation unless you have a promisory note or a contract.

[JessMN]

Money owed to you is an asset. List it on Schedule B.

I hope you're not filing with the expectation that the court will go after him for the debt. They probably won't. The down side is, if you file, any amount owed by him to you above your exemptions may be "taken" by the trustee. However, I doubt they'll want to deal with going after a personal obligation unless you have a promisory note or a contract.

Frankly Im at the point where I dont care if they take everything but the clothes on my back, I just want a new start. he is the reason I'm filing, but if the court choses to go after him thats up to them, I'm not expecting I will ever see any $.

Thanks for your help! I kind of thought thats how it was listed.

jess