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The above link points to a static B10 having a form date of 9/97.
Interactive B10s dated 04/04 are available on U.S. BK Court sites.
An alleged creditor's representative may be reluctant to claim a debt owed because of the stiff penalty imposed (as stated on the bottom of the form) for making fraudulent claims. If an alleged creditor fails to appear in court after having been notified of a BK action, the alleged debt can be discharged.
A possible use in conjunction with another tool (someone correct me if I err here):
If I recall correctly, at his seminar Jean Keating made mention of using a lender's "call report" against it. He claimed the call report will list the "loans" it's made and further stated one's mortgage will not be listed. I forget if the report is filed by the lender with the gov't or if it's produced by the gov't, though I suspect the former. If the former is true, it could be a double whammy for the "lender":
(1) getting exposed for never having made the loan in the first place per the call report "confession", and
(2) then making a fraudulent BK claim that a debt based on said "loan" was due and owing.
Last edited by logos : 04-25-2005 at 10:53 PM.
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