Results 1 to 4 of 4
  1. #1
    Join Date
    Aug 2010
    Posts
    2

    Default What Should a Creditor Do When a Debtor Declares Bankruptcy

    My question involves bankruptcy in the state of: CA
    I got a notice of Chapter 7 Case as a creditor. This is a mortgage company that we used to get a loan. Meeting of creditors will be Sept. 7, 2010.

    What should I do? I have no clue what so ever. The notice says "Do not file proof of claim unless you receive a notice to do so".

    Help appreciated!

  2. #2
    Join Date
    Jan 2008
    Location
    Toledo, OH
    Posts
    16,307

    Default Re: What Should a Creditor Do When a Debtor Declares Bankruptcy

    I'm a little unclear, here.

    The mortgage company that you used to get a loan is listing you as a creditor?

    They owe you money, not the other way around?

  3. #3
    Join Date
    Aug 2010
    Posts
    2

    Default Re: What Should a Creditor Do When a Debtor Declares Bankruptcy

    The CEO of a mortgage company (LEI Financial) is listed as the debtor, then we have a trustee and us , the creditors (plenty of them). I got a loan through them 6-7 years ago and have since refinanced. I have no idea how I am included or what has been going on before this.

  4. #4
    Join Date
    Aug 2010
    Location
    Michigan
    Posts
    15

    Default Re: What Should a Creditor Do When a Debtor Declares Bankruptcy

    A little confused as well, if they do not owe you money, you've probably been notified in error and don't have to do anything.

    1. Sponsored Links
       

Similar Threads

  1. Replies: 1
    Last Post: 06-01-2011, 07:12 PM
  2. Bankruptcy Issues: Debtor Dies While in Bankruptcy
    By nouseforaname in forum Bankruptcy Law
    Replies: 3
    Last Post: 12-04-2010, 04:48 AM
  3. Debt Collectors: Collecting a Debt After Debtor's Bankruptcy
    By msamadi in forum Debts and Collections
    Replies: 2
    Last Post: 03-16-2010, 07:08 PM
  4. Chapter 13: What Can I Expect As A Creditor, After Debtor's Chapter 13 Filing
    By crazecars in forum Bankruptcy Law
    Replies: 10
    Last Post: 06-10-2008, 06:00 PM
  5. Debt Collectors: False Claim by Creditor that Debtor Can't Be Located
    By pvc36 in forum Debts and Collections
    Replies: 1
    Last Post: 03-29-2006, 06:17 AM
 
 
Sponsored Links

Legal Help, Information and Resources