A is for Address – The Importance of Correct Addresses
One of the most important things you should do as a debtor is provide your Tuscaloosa and Birmingham Bankruptcy lawyer a correspondence address for each of your creditors. The address is usually found on your statement. It is different from the payment address (the address to which you send your monthly payment). Understanding the difference in the two addresses is critical to your receipt of a bankruptcy discharge. Notices sent to a payment address will often be returned and may not qualify as notice to the creditor. If a creditor does not receive notice of the filing of your case, the debt might not be discharged. Your Tuscaloosa and Birmingham Bankruptcy Lawyer cannot locate the addresses for you.
What Your Tuscaloosa and Birmingham Bankruptcy Lawyer Needs
It is your responsibility to ensure that you provide us with:
- The complete name of a creditor;
- a complete mailing address including account number;
- the amount owed (you should try to provide the most recent balance); and
- the date the debt was incurred.
Providing a correct and complete address puts you on the right path to receiving your discharge without delay or problems. By providing this information you increase the likelihood that a creditor will actually file a claim in your Chapter 13 Bankruptcy case. In order to meet the goals that you set for your Chapter 13 case (for example, to pay for your car through your chapter 13 plan) the creditor must file a claim. If no claim is filed by the deadline, the Trustee may object to the claim and you may not be able to pay your car through the Chapter 13 plan as originally planned.
Making Your Bankruptcy Case Run Smoothly
The more more accurate the addresses you provide, the easier and the better your case will be for everyone. So remember, A is for Address.
More Information about “The ABC’s of Bankruptcy.”
Attorneys from around the United States are taking part in “The ABC’s of Bankruptcy.” Check out these other blog posts for the letter “A.”