What about the debts I incur after I file bankruptcy? Are they included as well?

Once a debtor files a bankruptcy petition, the petition counts only those debts that are mentioned in the schedules. Therefore, any new debt a debtor incurs after the bankruptcy petition has been filed, they are on the hook for. Property of the estate is also determined at the date of filing. Postpetition wages are not considered property of the estate in a Chapter 7. The debtor's property of the estate will be the property subject to liquidation if there is no exemption to protect it. In addition, a bankruptcy Trustee will keep in mind inheritances received up to six months after the petition has been filed. If the debtor is not upfront and honest with the Trustee in disclosing these types of things, he or she could subject the bankruptcy petition to being dismissed or even worse the debtor could face purjury charges.

Read more detail on Recent Bankruptcy Posts –

Legal notice about the What about the debts I incur after I file bankruptcy? Are they included as well? rubric : Hukuki Net Legal News is not responsible for the privacy statements or other content from Web sites outside of the Hukuki.net site. Please refer the progenitor link to check the legal entity of this resource hereinabove.

Do you need High Quality Legal documents or forms related to What about the debts I incur after I file bankruptcy? Are they included as well??

This entry was posted in Bankruptcy Law and tagged , , , , , , , . Bookmark the permalink.

Leave a Reply