Do you have loans that are “secured” with your property? Yes / No
Examples of secured loans are your mortgage and your car loan.
Do you have debts that are exceptions to discharge? Yes / No
Examples of debts that are not dischargeable are student loans and child support.
Note: Some debts that are not dischargeable in a Chapter 7 bankruptcy may be dischargeable in a Chapter 13 bankruptcy. An experienced bankruptcy practitioner can help you determine whether certain debts will be discharged in a Chapter 13 case.
Are you past due on your mortgage or car payments? Yes / No
Do you anticipate incurring additional debt in the near future? Yes / No
Have you filed bankruptcy within the last eight years? Yes / No
Are some of your debts “cosigned” or guaranteed by others? Yes / No
- Do you have any debts to family members or close friends? Yes / No
You must list those debts on your bankruptcy schedules because all of your debts must be listed.
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DISCLAIMER: This site and any information contained herein are intended for informational purposes only and should not be construed as legal advice. Seek competent legal counsel for advice on any legal matter.