Legal Question in Bankruptcy in California

bankruptcy chapter 7

I am filing chapter 7 and i'm doing it on my own. The question is can i also submit a personal loan that a friend loaned me? If so, on what form do i put her in and what do i put as account number?


Asked on 6/20/09, 6:09 pm

2 Answers from Attorneys
Michael Stone Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE

Re: bankruptcy chapter 7

The loan from your soon-to-be-former friend is an unsecured debt unless you had put up collateral (such as a car, TV set, jewelry, etc.) for it, in which case it would be a secured debt. I assume there is no account number, so put "N/A".

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Answered on 6/20/09, 6:19 pm
Robert F. Cohen Law Office of Robert F. Cohen

Re: bankruptcy chapter 7

You must disclose ALL of your debts and all of your assets. The loan, if unsecured, should be listed on Schedule F.

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Answered on 6/20/09, 11:15 pm


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