Legal Question in Bankruptcy in Pennsylvania
Bankruptcy Chapter 13
Do I have to list all my creditors and can I exclude any real estate transferred four years prior to filing?
2 Answers from Attorneys
Re: Bankruptcy Chapter 13
You have to disclose all of your creditors. Recently I left one off because it was very small and only overdue for a short period of time and the Judge was very firm in telling me that it had to be listed. As for real estate transfers you have to disclose the information in your petition and the trustee may avoid transfers to insiders where the transfer was made within two years prior to the date the petition was filed and, in some narrow circumstances transfers made within ten years prior to filing the petition. Relatives of a debtor are considered to be insiders.
Re: Bankruptcy Chapter 13
The current chap 13 rules are very detailed regarding disclosure. If you are not comfortable reviewing the instructions perhaps you should schedule a consultation with me ar a reasonable cost to assist in the process.
Good luck to you.