Navigation
  #1  
Old 06-03-2009, 07:32 PM
l.amen l.amen is offline
 
Join Date: Jun 2009
Posts: 2
Credits: 61
Default BK 7 NEVADA

I am filing my own BK 7, on form 6F it says "If claim is subject to setoff, so state" what do they mean
Reply With Quote Quick reply to this message
  #2  
Old 06-04-2009, 12:21 AM
Carol79's Avatar
Carol79 Carol79 is offline
Junior Member
 
Join Date: May 2009
Posts: 99
Credits: 928
Default

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.
Reply With Quote Quick reply to this message
  #3  
Old 06-04-2009, 09:22 AM
Anonymous
Guest
 
Posts: n/a
Credits: 0 [Check]
Default BK 7 NEVADA

Thank you. That makes sense.
Reply With Quote Quick reply to this message
Reply

Quick Reply
Name:
Message:
Remove Text Formatting
Bold
Italic
Underline

Insert Image
Wrap [QUOTE] tags around selected text
 
Decrease Size
Increase Size
Options

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -8. The time now is 07:19 PM.




About Us | Contact Us | Affiliate | Sitemap | Espanol | RSS Feeds| Terms of Services Navigation