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I live in Louisiana and filed chapter 7 bankruptcy in Dec 2008. In 2011 I recieved notice of an unexpected asset, so my trustee reopened my bankruptcy. I filed on a lot of medical bills and was wondering if interest can be added to medical bills.
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Bankruptcy Attorney serving Burbank, CA
Partner at
Law Office of Mark J. Markus
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This may depend on case law in your jurisdiction. It may also depend on whether there are sufficient assets to pay more than 100% of all the unsecured claims in your case (including the medical bills). However, my understanding is that the creditors are only entitled to receive what they were owed on the date your bankruptcy case was filed. After that, no additional interest or penalties can accrue on unsecured debts.
Mark Markus has been practicing exclusively bankruptcy law in California since 1991. He is a Certified Specialist in Bankruptcy Law by the State Bar of California Board of Legal Specialization, AV-Rated by martindale.com, and A+ rated by the Better Business Bureau.
Answered on Oct 25th, 2012 at 4:11 PM