Q: Bankruptcy and buy now pay later
I have filed bankruptcy but forgot to list my buy now pay later contracts. Should I tell my lawyer about those? Also, are those considered credit?
A: You should inform your lawyer about all debts and financial obligations, including "buy now, pay later" contracts. These contracts are typically considered credit agreements and should be disclosed in your bankruptcy filing. Failure to list all creditors can result in some debts not being discharged, and potentially, accusations of bankruptcy fraud. It's important to be transparent in the bankruptcy process to ensure that all potential debts are addressed appropriately. Your attorney can guide you on the necessary steps to amend your bankruptcy schedules to include these contracts if they determine it's required.
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