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.
Claims Secured By Residential Property
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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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FAQ
A secured claim is a financial obligation for which there is collateral to guarantee the payment of a debt. The collateral can be most any type of property, such as real estate, business inventory and personal goods. With most secured claims, the debtor voluntarily pledges an interest in property to the creditor.
While a priority claim is not secured by collateral, it is however treated with higher priority over other claims by Federal law. A priority claim is debt that is entitled to special treatment in the bankruptcy process and will get paid ahead of non-priority claims.
Secured Claims The collateral can consist of almost any type of property, including but not limited to real estate, personal items (such as jewelry and art) and business inventory. For example, when you buy a car and finance it, you allow the lender to hold title to your vehicle until the loan is paid in full.
A secured debt is a debt that is secured by property. If you don't repay the debt ing to your contract?for example, you fail to make your monthly payment?the creditor has the right to take back the secured property, such as your home or car. In contrast, your unsecured creditors don't have the same rights.
A secured claim is a financial obligation for which there is collateral to guarantee the payment of a debt. The collateral can be most any type of property, such as real estate, business inventory and personal goods.