Asked 10/27/2010
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I loaned $5000.00, and now they claimed bankruptcy. I loaned $5000.00, and have a written contract with his and hers signature promising to pay back in 3 months when they got there taxes. I work with Gloria who i lended the money to, because she wanted to save her home . 2 years later i was going throught small claims in Rancho cucamonga where she never showed up to court, so i won the case, so 30 days later i got a attorney to file garnishment at the work place, and to pay $800 in fees that i paid in court costs. now i got a letter in the mail stating that Gloria filed chapter 7 bankruptcy, and filled me as a creditor. i have a court date on nov.23,2010 in 'Riverside Ca to show up as a creditor, what should i except to happen or what can i do?
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Answer 1/1 - Submitted 10/27/2010
Hi, santacruzedd, and welcome to WebAnswers.
Although it appears that you are a general unsecured creditor and you are not required to attend, you should appear in Bankruptcy Court on November 23, 2010. In the meantime, you should ask to be put on the creditor's mailing list.
In the notice you received, you should have received a Official Form 10 (Proof of Claim), which you should return to the court. You generally have 90 days from the date of the initial hearing to file your proof. Follow the instructions accompanying the form.
What you can expect is that you are not likely to receive your money, unless the debtor has substantial assets, but you cannot assume that he or she does not just because a person has filed for bankruptcy. Vigilance is the key here if you have any hopes of recovery of anything.
I hope this clarifies the matter for you. Thank you for visiting WebAnswers as your source™.
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