North Carolina Verification of Creditor Matrix

State:
North Carolina
Control #:
NC-SKU-0087
Format:
PDF
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Description

Verification of Creditor Matrix

The North Carolina Verification of Creditor Matrix is a document used to document and verify the existence of a creditor's debt. It is a form used by debtors to provide evidence that they have paid a debt or have entered into a payment agreement with the creditor. The Matrix includes the following information: debtor name, creditor name, account number, date of debt, amount of debt, payment amount, payment date, status of debt (paid, unpaid, in dispute), and any other notes or comments. There are two types of North Carolina Verification of Creditor Matrix: the Standard Matrix and the Expanded Matrix. The Standard Matrix is used for simple debt verification and includes the information listed above. The Expanded Matrix includes additional information such as contact information for the creditor, account balance, and other details.

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FAQ

The Chapter 7 Discharge. A discharge releases individual debtors from personal liability for most debts and prevents the creditors owed those debts from taking any collection actions against the debtor.

A creditor can be a person or financial institution?like a bank or credit card issuer?that offers credit to another party. The party that borrows the credit is called a debtor. Creditors may choose to report a debtor's account activity?like payment history, credit limits and balances?to credit reporting agencies.

A mailing matrix, sometimes called a "mailing list" or "matrix," is a list of the names and mailing address of creditors and parties in interest in a bankruptcy case. Each mailing matrix is processed into Case Management/Electronic Case Files (CM/ECF) by software that reads and interprets the text on each page.

What is a List of Creditors? When you file a voluntary petition under any bankruptcy chapter, you the debtor (or your attorney, if you use one) must prepare a List of Creditors and submit it to the Court. The List of Creditors is essentially a mailing list of creditors to whom you owe money.

A creditor matrix contains each creditor's name and mailing address. This information is used for noticing and claims information. The debtor is required to provide a list of ALL creditors.

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North Carolina Verification of Creditor Matrix