BK 7 NEVADA

Date: Wed, 06/03/2009 - 19:32
Submitted by on Wed, 06/03/2009 - 19:32
Posts: 202330
Credits:
[Donate]

I am filing my own BK 7, on form 6F it says "If claim is subject to setoff, so state" what do they mean


I'm not sure, but what I think is that "claim is subject to set off" this statement means if the creditor owes you money say $10K (e.g your deposit with the bank to whom you owe money) and you owe him $50k, then the creditor can take away your $10k and you will owe only $40k. This $40K will be included under bankruptcy which may be discharged.


Submitted by Carol79 on Thu, 06/04/2009 - 00:21

Carol79

( Posts: 99 | Credits: )


Thank you. That makes sense.


Submitted by on Thu, 06/04/2009 - 09:22

( Posts: 202330 | Credits: )