We often get clients who ask us if they have to list a debt even if it is “written-off.” The answer is usually a definite “YES.” A debt that is written-off simply means that the creditor has taken an income tax deduction for that debt. It is still collectable by that creditor or any purchaser of the debt.
Therefore it is important that you list everyone that you may owe anything to, even if you have doubts. Be sure to tell your attorney about your doubts, though, so that he can list the possible creditor properly.
