The Maryland Verification of Creditor Matrix is a document used by Maryland courts to determine if a creditor is owed money and is legally authorized to collect it. The matrix shows the legal status of each creditor, including if they have a valid judgment or are authorized to demand payment. It also includes information about the amount of money owed, the date of the creditor's claim, and any other relevant details. The matrix is used in court proceedings to determine whether a creditor is legally allowed to collect on a debt. There are two types of Maryland Verification of Creditor Matrix: the Original Creditor Matrix and the Revised Creditor Matrix. The Original Creditor Matrix is used for creditors who have already obtained a judgment against a debtor. The Revised Creditor Matrix is used for creditors who have not yet obtained a judgment but are seeking to collect a debt.
Maryland Verification of Creditor Matrix
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How to fill out Maryland Verification Of Creditor Matrix?
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FAQ
Pre-petition debt is the debt that we are expecting to be discharged as part of your bankruptcy case. This can include everything from credit card and medical debt, personal and payday loans, to foreclosure and repossession deficiencies.
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 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.
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.
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.
