Can we amend the schedule even after discharge?
Yes you can amend schedules even after Discharge. But, you have to file a Motion to Reopen and pay the Reopen Fee to the Court ($260 in my jurisdiction) plus there are normally additional attorneys fees for the extra work.Then, the U.S. Trustee may review the schedules, or the Trustee may be reassigned to review the schedules, and they may have another hearing to ask you about the business.But, if you are sure the business had no market value on the date your bankruptcy was filed, your attorney may simply want to discuss it with the Trustee and see if they even require the schedules to be amended. Amending the schedules costs a lot in terms of fees and time spent, and it seems like a big waste if the business was not worth anything, but the Trustee also has a duty to confirm there was no value, so they may require the amendment either way.JoeLEGAL NOTICE: I am only licensed to practice law in certain state(s) and I cannot give legal advice to someone who does not reside in a state in which I am licensed, nor shall anything I say in the above answer or elsewhere on this site be deemed legal advice, even to someone who resides in a state in which I am licensed. Funds I receive from JustAnswer.com are gratuities paid to me for taking the time to respond to questions, not for legal advice. This forum is designed to provide general information only, and information herein is not warranted to be correct or applicable in any way since laws may have been misinterpreted herein, since laws change from time to time, and since the impact of those laws on any particular situation varies. The information presented in this site shall not be construed to be formal legal advice nor the formation of an attorney-client relationship. Persons accessing this response are encouraged to seek independent legal counsel in their jurisdiction for guidance regarding their individual circumstances. Do not take any action or inaction based on information presented herein since it is informational and may not be accurate or applicable to you; it merely attempts to give you a basis of knowledge to help you formulate questions to ask a legal or other professional in a face-to-face meeting in your jurisdiction. JoeLawyer is an attorney but does not hold himself out to be a specialist or expert in any area, regardless of assertions made by any third party, and any implication of being an expert or specialist herein is made in error. I hope the information presented above is useful to you. Answer above is (c) JoeLawyer. All rights reserved.
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