This form is a list of creditors holding the 20 largest unsecured claims. The form lists the name of the creditor, the nature of the claim, and the amount of the claim. This form is data enabled to comply with CM/ECF electronic filing standards. This form is for post 2005 act cases.
Chapter 11 Chapter 7 Chapter 13 With No Money
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How to fill out List Of Creditors Holding 20 Largest Secured Claims - Not Needed For Chapter 7 Or 13 - Form 4 - Post 2005?
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The bankruptcy trustee can also sue your friends and family to regain the assets or money. Other ways people hide assets is by lying about the possession of or destroying assets. Moving assets to other bank accounts or property or falsifying information to make it seem like the assets are of little or no value.
Calculating your Household Income To determine your Chapter 7 bankruptcy income limit, add the last six months of your gross income ? this is what you earned before taxes and other deductions were taken out.
The average payment for a Chapter 13 case overall is probably about $500 to $600 per month. This information, however, may not be very helpful for your particular situation. It takes into account a large number of low payment amounts where low income debtors are paying very little back.
Making a significant income won't stop you from filing for bankruptcy. Still, it might determine whether you must file for Chapter 7 or Chapter 13 to wipe out qualifying debt. Your ability to file a particular chapter will depend on your income and, in some cases, your deductible expenses.
The Minimum Percentage of Debt Repayments In A Chapter 13 Bankruptcy Is 8 To 10 Percent.