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Debts sold right before filing

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    Debts sold right before filing

    After we retained our attorney but before we filed, we informed most of our creditors that we would be filing Chapter 7 (supplied lawyers info, etc). Now we are finding that some of them turned right around and sold our accounts to CA's. We got a few letters last week- dated just a day or two before we filed. Its suprising that this can legally happen. We have forwarded the letters to our attorney but are these CA's now added to the matrix as an amendment? What happens if we miss one or two that we were unaware of in the process??
    Filed: 3/12/08
    341 Meeting: 4/11/08
    Last day to oppose: 6/10/08

    #2
    No biggie. As long as the OC is named, you're OK.

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      #3
      This just happened to me. I got a letter that one on my bigger debts was sold. So it will not be listed on my BK?!?! I was worried that it will stick around after discharge. I called Atty. havent heard back yet. so you say as long as prior collection recieves letter? I put actual company's address and the debt collectors hired by company. The date on the new collectors was 3/13, which is the date I filed.
      filed Ch 7 3/13/08
      341 meeting 4/8/08
      last day for objections 6/9/08
      which I will be in Sierra Leone Africa on a mission trip! maybe when I get back I will be discharged! whoo who!

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        #4
        funny... just heard from atty assistant... she said dont worry. And she said if I want to put my mind at ease, I can copy "notice of hearing" letter and send to new collector! ha ha they bought a debt that aint worth squat!
        filed Ch 7 3/13/08
        341 meeting 4/8/08
        last day for objections 6/9/08
        which I will be in Sierra Leone Africa on a mission trip! maybe when I get back I will be discharged! whoo who!

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          #5
          I just want to say hi and don't worry. I'm not a lawyer but I have alot of knowledge of bankruptcies because I've put together petitions (chapter7)on a daily basis.

          ...anyways I'm really suprised that it is even ammended in the first place. It's a waste of money and there is no point. Typically, there's nothing to do once it's filed. As long as the original creditor is listed in the "schedule f" (list of creditors) was on the petition, that's all that matters. So, there's nothing to worry about.
          Dawn
          Get copy of Bankruptcy Records

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