Chapter 11 Requirements

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

Description

The B4B form, officially known as the List of Creditors Holding 20 Largest Unsecured Claims, is essential for individuals or businesses filing for Chapter 11 bankruptcy. This form is prepared as per Fed. R. Bankr. P. 1007(d) and is used to disclose the largest unsecured claims against the debtor. Key features include the requirement to list creditors, their contact information, nature of claims, and whether claims are contingent or disputed. Importantly, it excludes insiders and secured creditors unless their unsecured claims qualify. Attorneys, partners, and associates can utilize this form to compile necessary creditor information efficiently. Paralegals and legal assistants may assist in gathering data, ensuring accuracy in filling the form. The form is critical for establishing a clear creditor landscape as part of a bankruptcy petition, and its proper completion aids the court in understanding the debtor's financial obligations. The instructions emphasize confidentiality for cases involving minor children, providing a framework for ensuring legal compliance during the filing process.