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Sub: #1 BK 7 NEVADA
Replied on 06-03-2009, 07:32 PM
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I am filing my own BK 7, on form 6F it says "If claim is subject to setoff, so state" what do they mean

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Send message to Carol79
Sub: #2
Replied on 06-04-2009, 12:21 AM
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I'm not sure, but what I think is that "claim is subject to set off" this statement means if the creditor owes you money say $10K (e.g your deposit with the bank to whom you owe money) and you owe him $50k, then the creditor can take away your $10k and you will owe only $40k. This $40K will be included under bankruptcy which may be discharged.

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Sub: #3 BK 7 NEVADA
Replied on 06-04-2009, 09:22 AM
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Thank you. That makes sense.




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