What Is the Creditor’s Matrix?
Filing for bankruptcy can be a complicated process due to the number of steps one must take in order to successfully file. One important step for completing a bankruptcy filing is creating a creditor’s matrix. This document is required to keep track of your creditors’ contact information and the amount of money that you owe to each of them.
The bankruptcy process can seem overwhelming, complicated, and cumbersome, especially when you are uncertain about one or more steps. However, a West Palm Beach bankruptcy attorney of Eric N. Klein & Associates, P.A., can provide answers to all your questions and help you get on the path to being financially solvent. Contact us at 561-353-2800 today to discuss your case.
How the Creditor’s Matrix Affects You
A creditor’s matrix is essentially a list of your creditors and their contact information. Although this information can be used for a variety of reasons, it is typically utilized to send notice to your creditors of your status and to get claims information. A creditor’s matrix must be filed in order for your bankruptcy case to continue.
Unfortunately, your bankruptcy case can be dismissed or prolonged if you make certain mistakes when filing your creditor’s matrix, including:
- Using the wrong type of font
- Using the wrong format
- Using special characters, such as ~ and ½
- Exceeding number of characters allowed per line
These are just a few of the errors that could be made when filing a creditor’s matrix. Fortunately, by enlisting the help of an experienced bankruptcy attorney, you can avoid these mistakes.
If you are dealing with financial hardship, you don’t have to face the process of filing for bankruptcy alone. At Eric N. Klein & Associates, P.A., our West Palm Beach bankruptcy attorneys know how frustrating this time can be, and we do their utmost to provide you with the support that you need. Contact us today at 561-353-2800.