Legal Question in Bankruptcy in Illinois
Revelaing all debts
Why do I have to reveal all debts when filing bankruptcy if I am going to continue to pay on some of them?
Asked on 5/06/99, 3:47 pm
1 Answer from Attorneys
Charles Dobra
Charles Wm. Dobra, Ltd.
Re: Revelaing all debts
A basic principle of bankruptcy law is that all creditors are treated alike. If this is not so, a disgruntled creditor can file a motion to dismiss the bankruptcy petition and deny a discharge to a debtor not treating all creditors alike.
Answered on 5/07/99, 5:23 pm
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