How to Amend a Bankruptcy Claim

Bankruptcy claims may be amended under certain circumstances.

Bankruptcy refers to the process through which a person declares that he cannot pay his debts on his own. A judge will become involved regardless of what kind of bankruptcy is filed, since it goes through the court. Individuals and businesses alike can declare bankruptcy, the latter of which typically involves the business closing some or all of its locations. The process is not too lengthy, so if you wish to amend your claim for bankruptcy, you should act immediately.

Instructions

1. Let your attorney know that you need to amend your bankruptcy claim. For example, you will want to amend your claim if you made an honest mistake during filing. If you lied about certain information, that can result in bankruptcy fraud and time in prison, so ensure that you fill in information to the best of your knowledge.

2. Create a petition to amend your bankruptcy claim. Have your attorney file this, after which it will replace your originally filed paperwork.

3. Serve your bankruptcy plan to your matrix of creditors. Doing this will allow creditors to have time to object to your amendments if necessary.

Tips & Warnings

• This should not be considered legal advice; always consult an attorney with your specific situation.

References

• "The Law of Bankruptcy"; Charles Jordan Tabb; 2009.
• US Courts: Chapter 7 Bankruptcy