Official Chapter 11 With English Subtitles

• Category: Bankruptcy - Creditors
• State: Multi-State
• Control #: US-BKR-F4
• Format: Word; PDF; Rich Text

Description

The Official Chapter 11 Form B4B is a critical document used in the United States Bankruptcy Court to list the 20 largest unsecured creditors of a debtor. This form is created in accordance with federal rules to support the bankruptcy filing process. It requires detailed information about each creditor, including their name, complete mailing address, nature of the claim, and the amount owed. Importantly, the form excludes insiders and secured creditors with limited exceptions. Users must indicate whether a claim is contingent, unliquidated, disputed, or subject to setoff. Additionally, if a minor child is among the creditors, initials and the name of the guardian must be provided, protecting the child's identity. This form is essential for attorneys, partners, and paralegals as it helps ensure compliance with bankruptcy filing requirements and facilitates the organization's financial restructuring. In completing the form accurately, legal assistants can assist in streamlining the bankruptcy process for clients, providing clarity and support during a challenging time.