Example: Say I have an apartment lease for 12 months. After 6 months, I abandon the apartment without further payment. After another 6 months, I declare bankruptcy but fail to mention the apartment lease as a potential debtor. Will the bankruptcy prevent the apartment owner/manager from suing me or will I have to just deal with it since I forgot to include it in the bankruptcy?
Bankruptcy: Will it prevent future lawsuits even if I don’t specify an existing debt?
28
May
joseph.foust
May 28, 2010 at 4:00 pm
You’ll still owe the money and will still get sued for it; declaring bankruptcy isn’t a “get out of jail free” card, it doesn’t make your debts just “go away”! Silly goose!
wisegirl74
May 28, 2010 at 4:01 pm
No you have to be very specific otherwise you will not be covered.
Christin K
May 28, 2010 at 4:50 pm
No, you’re liable for any debts you’ve incurred and not charged off, no matter when they were incurred. Period.
GETaLIFE
May 28, 2010 at 4:59 pm
If you didn’t include them in the bankruptcy, you goofed. You should list EVERY potential debtor, no matter how remote. Can’t go back and change it later. Now, you have to deal with it but at least you can explain your situation and perhaps they will let it go.
DayTripper
May 28, 2010 at 5:27 pm
Actually if you file Chapter 7 bankruptcy and have no objections from creditors, it basically is a “get out of jail free” card. However, I believe you still have to include the apartment lease in your list of debtors — even if you think it’s only a “potential” debtor — to be discharged.
No offense to anyone who’s answered but you (the asker) should consult with an attorney before proceeding with any bankruptcy plans.