Schedule F. Do I need to list all accounts on my credit report, or only the debts I want discharged?

Asked almost 2 years ago - San Diego, CA

Is there a need to list accounts with a zero balance, whether they are closed or open? Will the discharge of a debt also close the account its attached to? I'm thinking its probably best to leave the satisfactory accounts with a zero balance the way they are. Can I not list them and continue to use them? Or does everything need to be listed, whether or not I want it discharged, reaffirmed, kept open, etc.?

Attorney answers (6)

  1. Maureen Andrea Enmark

    Contributor Level 11


    Lawyers agree

    Answered . You must list all creditors you owe money to on the day of your filing. You do not get to choose whether you list a particular debt.

    Most credit card issuers close all accounts (zero balance or not) when they learn of a bankruptcy filing. You should not expect the accounts to remain open.

    I would not advise using any zero balance accounts during the time you are in your case. Excess use of credit is probably part of the reason you are filing bankruptcy. Take advantage of your fresh start by building new habits right away.

  2. Javed Inam Ellahie

    Contributor Level 10


    Lawyers agree

    Answered . List all creditors you owe money to on the date you file, expect these creditors to cancel your credit cards. As to cards you do not owe money to, they will in all likelihood also cancel.

    Legal disclaimer: Disclaimer: This answer does not constitute legal advice. I am admitted in California and... more
  3. Robert A. Stumpf

    Contributor Level 19


    Lawyers agree

    Answered . All of them. Your debts are discharged, anyway, whether you want them to be or not, it's not a choice. You can reaffirm, but that's different.

  4. Dorothy G Bunce


    Contributor Level 20


    Lawyers agree

    Answered . Credit reports are not proof that you do or do not owe a debt. They are only reports of what a creditor says is owed at any particular time.

    The law requires you to list all creditors you owe or who claim you owe them. If a creditor says you owe $0 and you know that the balance is $100, list the debt. If the creditor says you owe $0 and you have not used the account and know that the balance is $0, it is not a debt and you don't list it. If the creditor says you owe $2 and you believe you paid off the debt, list the debt & indicate that you dispute the debt.

    Hope this perspective helps!

  5. Michael Curtis Greenberg


    Contributor Level 11


    Lawyers agree

    Answered . All creditors who are owed money on the date of the filing of your Voluntary Petition must be listed.

    No attorney/client relationship is formed between the attorney responding to this question and the individual... more
  6. Chirnese Lashaunda Liverpool

    Contributor Level 9


    Lawyer agrees

    Answered . There is no need to list accounts with a zero balance on Schedule F. They are not "creditors".

    However, if it has a balance, then it MUST be listed, you cannot pick and choose which creditors you would like to list on the bankruptcy petition.

Can't find what you're looking for? Ask a Lawyer

Get free answers from experienced attorneys.


Ask now

28,073 answers this week

2,924 attorneys answering

Ask a Lawyer

Get answers from top-rated lawyers.

  • It's FREE
  • It's easy
  • It's anonymous

28,073 answers this week

2,924 attorneys answering