Wednesday, October 7, 2009

Notice of Deficiency

As I mentioned in the previous post, there were some Schedules missing from yesterday's bankruptcy filing. Today the bankruptcy clerk noticed that problem too:


From what I've been told, this is a not-too-uncommon phenominon in bankruptcy; filers are often in a hurry to file these Voluntary Petitions, in order to meet some crisis and stave off creditors at the 11th hour. And when there is not enough time to gather all the info for all the schedules, an incomplete filing is made. The court simply gives the filer more time (in this case, until October 21) to make up the deficiencies.

I imagine this Voluntary Petition was rushed out the door on Tuesday, to throw a monkey wrench in the 4 Motions for Default that were filed against Chisholm in the Federal cases on Monday.

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