Unable to find info for schedule F

[pippen2012]

I no longer have record of when I started incurring debts with some of my credit cards. Do I send a certified letter of request for verification to the original creditors or the current debt collectors? I think I should ask them to verify address, date of account, date of account closure as well as amount at time of right of.

Does anyone know if I should add accrued interest to the amount listed from the time of closure up until the filing date?

I really like this site. Thank you to anyone who answers.

[tobee43]

the correct address and account information is far more important than the amount. make certain that information is correct since proper notification is really important for the creditors. ...not so much the exact amount. and, as you point out, many times the amount you put on the date you fill out the forms, by the time of your actual filing and or 341...you were socked with more interest and fees, etc.

acutually many of the accounts on our petition stated on the line for amount owed as "unknown".

[pippen2012]

Tobee43,

Did you put the amounts as unknown throughout the petition? Which forms should say unknown to protect my full recovery and which forms should take the amount stated? Thank you for your previous response,
Pippen

[pippen2012]

Quik look filing tommorow Unknown debt for revolving accounts on schedule F?

It looks as though schedule F is the only place listed for credit card debt amounts. Would I also put unknown on the summary of schedules? Is there a way to list amount plus acrued interest and legal fees?

Can anyone confirm I am trying to file tommorow.

[tobee43]

Tobee43,

Did you put the amounts as unknown throughout the petition? Which forms should say unknown to protect my full recovery and which forms should take the amount stated? Thank you for your previous response,
Pippen

not on every single one...but on many of the them. and the others, i added another 1-2k just in case for fees etc. however, really, the most important thing is the proper address and account number to the creditor is notified and can't come back later and claim they were never properly notified. and for us it was ONLY sch. F.

now, i have seen on this forum, it really doesn't make a difference if you inadvertently leave someone off...but it could cause a hassle later, so make certain you attempt your best effort to put anyone and everyone you think you may owe money to.

[tigergem]

Rather than put the amounts as "unknown" I would put a dollar amount of $1.00. The reason being, when I listed one or two as "unknown", I was told that it HAD to be a dollar amount, and that the word "unknown" was unacceptable, so I had to correct and resend the schedule. Why? It doesn't matter if your guessed amount is correct or not. Your creditor will have to file a proof of claim in order to receive any disbursement. Along with that proof of claim should be some form of accounting AND... the accurate dollar amount. It's up to them to prove it, not you. If they don't file a claim, then the debt as to that creditor will be discharged in its entirety regardless of the amount you listed there. Best wishes on a successful bankruptcy.

[tobee43]

Rather than put the amounts as "unknown" I would put a dollar amount of $1.00. The reason being, when I listed one or two as "unknown", I was told that it HAD to be a dollar amount, and that the word "unknown" was unacceptable, so I had to correct and resend the schedule. Why? It doesn't matter if your guessed amount is correct or not. Your creditor will have to file a proof of claim in order to receive any disbursement. Along with that proof of claim should be some form of accounting AND... the accurate dollar amount. It's up to them to prove it, not you. If they don't file a claim, then the debt as to that creditor will be discharged in its entirety regardless of the amount you listed there. Best wishes on a successful bankruptcy.

really tigergem?? we were not questioned at all...and LOL!! unfortunately we had pages and pages...(not some to be very happy about), and we were never questioned by the trustee...other than why did we list american express 5 times. i replied because for some reason on our credit report they listed us 5 times and i just wanted to cover everyone and their mother and make certain no stone was unturned.

i have also heard people use the $1 as well, so, it just not make a difference, as long as they are listed.

[tigergem]

yeah really lol! But remember, this was the same trustee who made me amend my expenses after my 341 for a NET CHANGE of less than $5.00 per month. (My phone bill had gone down just a little, but my insurance had gone up just a little lol.)

For the most part you are correct in that "it doesn't matter", but I believe you have to make a good faith effort to be correct and thorough, and also be prepared in case your trustee is as "detail oriented" as mine is. ;-)

[tobee43]

yeah really lol! But remember, this was the same trustee who made me amend my expenses after my 341 for a NET CHANGE of less than $5.00 per month. (My phone bill had gone down just a little, but my insurance had gone up just a little lol.)

For the most part you are correct in that "it doesn't matter", but I believe you have to make a good faith effort to be correct and thorough, and also be prepared in case your trustee is as "detail oriented" as mine is. ;-)

NO!! come on...what the heck is that about making anyone adjust anything for $5. you must have had the most awful trustee ever...so sorry!!

and i have heard horror stories about some of the trustees picking at everything, so you're so right, you just need to be prepared for the worse and be ready!!

[tigergem]

No, I don't think I have the worst trustee ever. He is a real stickler for details, but with that understanding, his insight has actually served me well. With the full realization that he is not my friend, I consider him to be a very worthy opponent. I have a great deal of respect for him, and for that matter, I think he is even a like-able guy, even if he drives me crazy from time to time.

[pippen2012]

Thank all of you for all of the great advice. I listed each debt to about 150% of what had been posted on my credit report when the cc accounts were sold. There is no way that anyone can say that I did not make a good faith effort ecspecially when the pending legal fees were in no way available to me.

Filed it Yesterday

Thank you all again,

Pippen

[IamOld]

CONGRATULATIONS!!!!!!!!

May I again intrude with a question - I have an usecured creditor whose balance is $14000 - they are presently suing (but it hasn't gone to court yet) and debt has NOT been sold BUT law firm wants the $14K balance plus their $3,000 in legal fees IF they win judgement.

May I presume that the listing if I file this before judgement that need to list ONLY the outstanding balance NOT the legal fees as they have not been awarded that???????

Thank all of you for all of the great advice. I listed each debt to about 150% of what had been posted on my credit report when the cc accounts were sold. There is no way that anyone can say that I did not make a good faith effort ecspecially when the pending legal fees were in no way available to me.

Filed it Yesterday

Thank you all again,

Pippen

[pippen2012]

The advice I recieved was to attempt to list the entire debt at the time of the filing. If they have already listed a debt of legal fees you should list those fees as well or make a good estimate. I included an estimate of accrued interest since the time of the account sale to the collector. It may not matter. It may be that all of the debt is dismissed anyway. However, you have nothing to lose by listing everything they have already claimed and making the best estimate you possibly can for the rest. You can check legal documents for their civil suit against you to get that information. You want it all discharged right?

[IamOld]

The advice I recieved was to attempt to list the entire debt at the time of the filing. If they have already listed a debt of legal fees you should list those fees as well or make a good estimate. I included an estimate of accrued interest since the time of the account sale to the collector. It may not matter. It may be that all of the debt is dismissed anyway. However, you have nothing to lose by listing everything they have already claimed and making the best estimate you possibly can for the rest. You can check legal documents for their civil suit against you to get that information. You want it all discharged right?

THanks!!!! BUT in my case we're right up against the Ch 13 limit and every penny can make a difference...in my case the debt hasn't been sold and amount owed to creditor is $14,000 - the lawsuit has NOT come to court yet, there is NO judgment yet - so as of right now, I'm thinking that's not a debt, as there is no legal contract making me owe that so to speak...after all, theoretically there is no debt other than the original, I'm thinking, as if the filing gets done BEFORE the case comes to court I don't owe the law firm, I just owe the original debt - there has been no judgment awarding them legal fees...

What do you think?

[IamOld]

The advice I recieved was to attempt to list the entire debt at the time of the filing. If they have already listed a debt of legal fees you should list those fees as well or make a good estimate. I included an estimate of accrued interest since the time of the account sale to the collector. It may not matter. It may be that all of the debt is dismissed anyway. However, you have nothing to lose by listing everything they have already claimed and making the best estimate you possibly can for the rest. You can check legal documents for their civil suit against you to get that information. You want it all discharged right?

THanks!!!! BUT in my case we're right up against the Ch 13 limit and every penny can make a difference...in my case the debt hasn't been sold and amount owed to creditor is $14,000 - the lawsuit has NOT come to court yet, there is NO judgment yet - so as of right now, I'm thinking that's not a debt, as there is no legal contract making me owe that so to speak...after all, theoretically there is no debt other than the original, I'm thinking, as if the filing gets done BEFORE the case comes to court I don't owe the law firm, I just owe the original debt - there has been no judgment awarding them legal fees...

What do you think?