When preparing bankruptcy cases, I want to make sure my clients have listed all of their debt. The first reason I want to make sure this happens is, it's perjury for them to purposefully not list it. It doesn't matter what the nature of the debt is or why they feel it should be left out. You have to list ALL of your debt to the best of your knowledge. You don't get to pick and choose. The second reason is, that listing that debt usually benefits the client. After 2005 an income qualification was put in place to file a chapter 7 bankruptcy case. In calculating clients' ability to file every debt is important, as a debt may help them qualify.