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  1. #1
    WorryWort Guest

    contingent, unliquidated, disputed on schedules... what does it mean??

    What is the name of your state? TX

    In the schedules for filing chap 7 bk, are columns titled contingent, unliquidated, disputed. My book doesn't go into details, but rather suggests I speak with the trustee about how to check each item in the rows.

    I'd like to know more about these headings: what they mean, how one should use them, etc. I'd rather have the correct column checked before I get into my 341 meeting and feel like I'm guessing...or worse, have the trustee tell me he/she cannot help me!

    Thanks for your feedback.
  2. #2
    Ladynred is offline Senior Member
    Join Date
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    Nashville,TN
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    "Contingent - the claim depends on some event that hasn't yet occurred and may never occur. For example, if you cosigned on a secured loan, you won't be liable unless the principal debtor defaults. Your liability as a cosigner is contingent upon the default.

    Unliquidated - This means the debt may exist, but the exact amount hasn't been determined.

    Disputed - A claim is disputed if you and the creditor do not agree about the existence or amount of the debt. "

    (From the Nolo Press book "How to File For Chapter 7 Bankruptcy")
  3. #3
    WorryWort Guest
    Thank you. I don't believe any of those apply in my case.

    Thanks again!

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