Do I Have to List Everything?

When filing for bankruptcy, individuals must list all of their debts. Failure to provide a complete list of debts can lead to devastating consequences during your bankruptcy filing.

At the law firm of Kenneth C. Rannick, P.C., we have extensive experience helping clients find their way out of crushing debt. Often, clients will ask us — Do I have to list everything? In short, the answer is yes. You must list everything you own and everything you owe. No exceptions. Errors or omissions when listing your debt can create more problems in what can already be a complex process. It is wise to work closely with a Tennessee attorney to ensure that you have not missed any debt.

"Since 1988 I have filed more than 14,000 bankruptcies for clients in the Chattanooga area and helped them get out of debt. I can help you too — and do it affordably." - Kenneth Rannick

Bankruptcy Lawyer in Chattanooga

Some individuals might want to pay off the debt to maintain relationships with a doctor or department store — rather than have that debt eliminated. We can inform the court of your decision to pay a debt, but it must be included in the filing. Any intentional omission might be seen as an attempt at fraud or simply hiding information. In these situations, it is best to work with your lawyer to develop a comprehensive listing of your debt.

If you realize after the fact that you have unintentionally left off a debt, it is important to contact your attorney as soon as possible. We can review the situation and guide you through your options.

Contact Our Firm

If you have questions regarding listing assets, contact Kenneth C. Rannick, P.C. Contact our office by calling 423-954-7180 or by simply completing the e-mail form on this website. We offer free consultations and can maintain evening or weekend appointments based on the needs of our clients.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.