Creditor, as you may know, means the person or company that you owe money to. Secured creditor basically means you had to list some sort of property to get the money from the creditor. This will be something like a house mortgage, a loan to purchase a car, a title loan, or a finance company.
Collateral means the property you listed to get the money. In a mortgage, the collateral would be your house. In a car loan, your car is the collateral. At most of the finance companies, you might list things like televisions, radios, computers, etc.
We also have to list the mailing address (also called the correspondence address) for each creditor. Note that we do not use the payment address. We also need to list the account number. Only the last four digits show up on the public version of your schedule.
Additionally, we list if there is a co-debtor on the loan, the date the claim was incurred, and whether the debt is in the husband’s name, wife’s name, or both of their names.
If you forget to list a creditor when you first file your case, the court will generally let you add those creditors. You are, however, required to pay a filing fee to do so. Filing fees change fairly frequently, so your attorney can give you the current filing fee for this type of filing.