Saturday, May 24, 2014

Amendments to a Bankruptcy Petition

You have filed your bankruptcy petition through a Bucks County bankruptcy lawyer.  Prior to filing the petition, you looked at every page and made sure that things are accurate and there were no errors or omissions.

Then....shucks!  You forgot something.  It might be an additional, recurring expense.  Maybe it was a rifle.  Maybe it was a family heirloom.

Well, under Bankruptcy Rule 1009(a) allows for a voluntary petition to be amended by the debtor at any time before the case is closed.  This happens frequently after the Trustee's Hearing where an error or omission shows up.  Sometimes, Schedule C must be amended to add for additional exemptions.  Generally, as long as there is no fraud or false pretense, you should be fine having your attorney file the amendments.

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