Don’t Know Who All Your Creditors Are?

Don’t worry! Bankruptcy covers all debt accumulated before a bankruptcy is filed. Though you must list all the creditors you know, debts or creditors you aren’t aware of when you file bankruptcy are still considered part of your bankruptcy and discharge as long as the debt arose before you filed bankruptcy. Often creditors sell their debt to collection companies and they, in turn, sell it to other collection companies, and so on, and so on . . . Soon you don’t know who’s out there trying to come after you. Just know that XYZ Collecton Co., who bought your debt from ABC Collection Co., can’t try to collect from you because you failed to list them as a creditor in your bankruptcy case since you never knew they even existed.