What If You Are Not Sure about the Amount of Your Debts?
There are a few different circumstances in which a person may not be sure about how much money they actually owe to others when entering bankruptcy. This is because some debts are more complicated and less straight forward than others. Certain debts that may make it harder for you to determine the exact amount of your debt include contingent, unliquidated, or disputed debts.
If you’re thinking about filing for bankruptcy, we may be able to assist you through the process. For more information regarding your legal options for managing and taking control over your debt, contact Florida bankruptcy lawyer Ryan J. Really, Attorney at Law, PLLC, by calling (239) 237-0675 today.
Contingent, Unliquidated, and Disputed Debts
When a person files bankruptcy, they’re responsible for listing their debts in full. They must list all debts in accurate amounts, including debts that may not be precisely measured due to a variety of circumstances. These types of debts include the following:
- Contingent debts, which may change due to future events
- Unliquidated debts, which may not have their full amount figured out yet
- Disputed debts, which are yet to be settled between creditors and debtors
Because some of these debt distinctions can become confusing, a debtor may want some assistance from a competent and knowledgeable bankruptcy attorney throughout the filing process.
If your debts have become overwhelming, bankruptcy may be right option for you. To discuss the benefits and requirements associated with bankruptcy, contact a Florida bankruptcy lawyer of Ryan J. Really, Attorney at Law, PLLC, at (239) 237-0675 today.