Statement of Financial Affairs for Creditors Question

[Dollar Bill]

Do most creditors look at the Statement of Financial Affairs?

In a post several months ago, I mentioned that I hadn't been the most honest when applying for credit when it came to income. Income changed everyday as I was self employed. I would soemtimes forecast my yearly income based on a great month times twelve.

Anyhow.....I wondered hw liely it would be for a creditor to look at the Statement of Financial Affairs and look at my application. (If they still have it)

Anyone have an idea?

[Dollar Bill]

Thanks for the reply.

So what do you think or know about the likelyhood of a creditor looking at the statement of fin. affairs area. My atty says it's there so the trustee knows what type of money was made and when. If you made a million in '06 and $16k in '07...eyebrows will be raised.

I just wonder if creditors sort of seek out that area so that they have better chances of winning an AP.

[Stilltheone]

I'm right there with you, OP...

In December, we purchased some furniture and put down our income, plus about 35K...thinking my husband was going to be getting a promotion. He didn't get it, so our income wasn't correct.

Do creditors really look at your original application? We got 2 cards in October and I'm worried that the creditors will look at what we put down on our application.