Legal Question in Bankruptcy in California

Original creditors

When I file for Chapter 7, I am listing original creditors are am I listing everyone the original creditors has sold debt to.


Asked on 9/21/05, 1:52 pm

3 Answers from Attorneys

Gary Fraley California Bankruptcy Attorneys

Re: Original creditors

You will be listing BOTH the original creditor and anyone else the debt has been passed to.

Better hurry though, time is running out...

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Answered on 9/22/05, 12:57 pm
Robert F. Cohen Law Office of Robert F. Cohen

Re: Original creditors

If the debt has been -sold- to someone, list the new creditor and, in the explanation box, write something like "originally Chase." If it's just been assigned for collection, there are two different ways to do it: list the original creditor on Schedule F, and in the next box, list the collector without an amount; or just list the original creditor on Schedule F and list the collector on the creditor matrix. If you want a lawyer to do it for you, please let me know.

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Answered on 9/21/05, 3:53 pm
Chris Johnson Christopher B. Johnson, Attorney at Law

Re: Original creditors

You should have both in the petition--can list the original creditor and amount, then in the next box, show who the debt has been sold/assigned to.

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Answered on 9/21/05, 4:57 pm


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