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The Chapter 13 Plan and New Debt Bankruptcy law discourages you from incurring new debt after the filing date without first asking for permission from the trustee and bankruptcy court. Get debt relief now.
If a secured creditor fails to file proof of claim, then you will not make any payments toward what you owe on your house or car during your repayment plan. At the end of the bankruptcy process, to keep the collateral, you will still owe the full amount of these secured debts. Plus, you may owe interest and other fees.
The mailing list/matrix is a list of the names and addresses of creditors and parties in interest in a bankruptcy case. This information is used for noticing and also for claims information when applicable. The debtor is responsible for providing complete information on the matrix.
You would also use the Notice Only designation if the same debt has already been listed somewhere else in the schedules and you just want to include alternate contact information for the creditor, or information about additional collection agents for the same account. Trustee and Bankruptcy Court.
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