> Discuss Your Legal Issue > Ask a Lawyer > Bankruptcy > Do I have to choose if a claim is disputed,contingen or unliquidated?

Do I have to choose if a claim is disputed,contingen or unliquidated?

1 Answers. Asked on Aug 03rd, 2017 on Bankruptcy - Illinois
More details to this question:
Im filling out Schedule E/F for Unsecured claims
Answers Showing 1 out of 1
Answered on Aug 04th, 2017 at 8:52 AM

The answer to the question is no - you do not have to choose.  In my experience, some blanks can be left in the Petition.

However, there are a couple of questions raised.  First, you should know whether or not a debt is disputed; one would also think you would know about contingent or unliquidated claims.  That you do not appears to be a red flag as to your ability to complete the BK Petition and Schedules.  This document is signed under penalty of perjury and jail is a risk.  This goes to the larger question: is a bankruptcy lawyer needed?

The suggestion is that a consultation be conducted.  An attorney should be contacted with your local bar association as a good starting point.  Any questions regarding debts, assets, and/or income can then be addressed.  A review with a knowledgable attorney is highly recomended as this petition and the resulting process is rather complex.  It may be that this is a simple matter for which an attorney is not required, but the consultation should occur.  Although you are wished good luck, the Abraham Lincoln rejoinder does, however, come to mind - "an individual who represents himself has a fool for a client."


Report Abuse
If you're struggling to pay off your delinquent debts and getting hounded by collection agencies, then it's time to address your financial problems. And filing for personal bankruptcy may be the ideal solution. Whether you're an individual or married couple considering Chapter 7 or Chapter 13 bankruptcy, or a business considering a Chapter 11 reorganization, or a farmer considering Chapter 12, you need the advice and guidance of an experienced bankruptcy attorney. Your lawyer can help determine which form of bankruptcy is right for you, prepare and file all of the paperwork, and advise you throughout the bankruptcy process.
Have an Bankruptcy Question?
It’s Free & Easy.
Ask a Lawyer
Top Contributing Lawyers
Mark Tischhauser, Esq.

Attorney - Florida

353 Answers, 20 Legal Topics

Patrick Johnson

Attorney - Tennessee

239 Answers, 46 Legal Topics

Michael D. Siegel

Attorney - New York

177 Answers, 25 Legal Topics

Anthony John Van Zwaren, Esq.

Attorney - New Jersey

109 Answers, 18 Legal Topics

Michael E. Fiffik

Attorney - Pennsylvania

76 Answers, 17 Legal Topics

Lori Nevias

Attorney - New York

72 Answers, 28 Legal Topics

Bruce Robins

Attorney - New York

66 Answers, 8 Legal Topics

Have a legal question?
Get answers from local attorneys.
It's free and easy.
Ask a Lawyer
Do It Yourself Legal Forms

Popular Forums