Adversary Proceedings

[howie789]

A couple questions:

How long before an adversary proceeding takes place? Is it a long amount of time?

lets say you have 4 debts, and one creditor objects--does this one debt still hold up the other three, and delay the total discharge?

lets say there is debtor fraud and a creditor objection during the 60-day window after the 341? (i.e. lying on credit app, inflating income to get credit)..what is the worst that can happen to the accused?...can he be penalized--jail time? perjury?

[HHM]

Generally, your discharge does NOT get held up by a creditor objection. The only party that can delay discharge is the BK Trustee or the US Trustee. Creditors can only object to discharge of "their" debt, but that action does not delay your general discharge.

[BKTango]

If you lied on the credit app, it will be the company themselves that have the burden of proof and have to proove you did. I would think at the very worst that would happen would be that particular debt would not be discharged and you would have to pay that one back, it would not interfere with your other debts those would be discharged.

[SamanthaJones]

Most posts and info I have seen say application information is history.

And is rarely if ever brought up after the fact. Anyway- I have received new credit cards recently even though for income I stated 'zero'. I don't think a live person reads the applications- I think a score is obtained electronically, perhaps, by your SS number, and then the card is sent off. The only logical explanation I can think up~