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What should I list as my liabilities in a Chapter 7 bankruptcy?

Our Professional Answer

Bankruptcy is a very powerful tool to reorganize your finances. A Chapter 7 bankruptcy allows you to discharge all of your debt. You must list all of those debts, all of your liabilities, all of the people to whom you owe money, any creditors that you have, and also you must list all of your assets. The more forthright you are, the more simple your petition can be prepared and more surety you can have that those debts will be discharged.