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What is a creditors matrix?

Answer: The creditors matrix is a list of the creditors in your case. It must be filed in the proper format so that it can be used by the courts automated noticing system.

How do creditors get notified of bankruptcies?

Very soon after the bankruptcy petition is filed, the clerks office mails a notice to creditors that a debtor has filed for bankruptcy.

What is a verification of creditor matrix?

The creditor matrix is the list of creditors and their addresses that everyone has to provide to the Court when filing bankruptcy. The Verification of Creditor Matrix is basically the signature page that goes with it.

What do creditors do when someone files bankruptcies?

Creditors Must Stop All Collection Activities A creditor cannot call you, send you collection letters, file a lawsuit, or otherwise attempt to collect its debt from you. However, keep in mind that under certain circumstances a creditor may have grounds to ask the court to lift the automatic stay.

What is the verification of Matrix?

After you finish creating your creditor matrix, sign the Verification of Creditor Matrix. The Verification tells the court that your list of creditors is true and complete to the best of your knowledge.

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