Arkansas Summary of Schedules — Form 6CONTSU— - Post 2005 is a legal document that provides a detailed overview of an individual or entity's financial assets, debts, and other relevant information. This form is commonly used in bankruptcy cases within the state of Arkansas, and it plays a crucial role in determining the debtor's financial situation. The Arkansas Summary of Schedules — Form 6CONTSU— - Post 2005 includes several sections that require accurate and comprehensive information. These sections cover various aspects of the debtor's financial status and involve relevant keywords, such as: 1. Name and Address: This section requires the debtor to provide their full legal name, any other names used, and their current address. 2. Social Security Number/Tax Identification Number: The debtor must provide their Social Security number or Tax Identification number for identification and record-keeping purposes. 3. Schedule A — Real Property: In this section, the debtor lists all the real estate assets they own, such as land, houses, or commercial properties. Details such as addresses, market values, and any liens or mortgages associated with the properties are included. 4. Schedule B — Personal Property: This section focuses on personal assets, including vehicles, bank accounts, investments, jewelry, and any valuable possessions. Each asset needs to be accurately described, along with its estimated value. 5. Schedule C — Property Claimed as Exempt: Debtors can claim certain properties as exempt from liquidation during bankruptcy proceedings. This section requires the debtor to list all the assets they claim as exempt and provide the corresponding legal justification. 6. Schedule D — Creditors Holding Secured Claims: In this section, the debtor provides details of any secured debts, such as mortgages or car loans. The creditor's name, a description of the collateral securing the loan, the amount owed, and the value of the collateral are important details to include. 7. Schedule E — Creditors Holding Unsecured Priority Claims: Unsecured priority debts like taxes, child support, and certain other types of debts are listed under this section. The names of the creditors, the amount owed, and the nature of the debt must be included. 8. Schedule F — Creditors Holding Unsecured Nonpriority Claims: This section is for general unsecured debts that do not have priority status. Examples include credit card debts, medical bills, and personal loans. The names of the creditors and the amount owed should be disclosed. 9. Schedule G — Executory Contracts and Unexpired Leases: Debtors must list any ongoing contracts or leases they are a party to, along with the name and contact information of the other party involved. 10. Schedule H — Codebtors: If the debtor has any codebtors, such as cosigners or guarantors, their names and contact information are to be provided in this section. 11. Schedule I — Current Income of Individual Debtor(s): This section focuses on the debtor's income sources, employment information, and other relevant financial details related to their earning capacity. 12. Schedule J — Current Expenditures of Individual Debtor(s): The debtor needs to outline their monthly expenses, including housing, utilities, transportation, and other regular payments. Different types of Arkansas Summary of Schedules — Form 6CONTSU— - Post 2005 may exist to cater to specific bankruptcy cases, such as personal bankruptcy (Chapter 7 or Chapter 13) or business bankruptcy (Chapter 11). However, the main keywords and sections mentioned above generally remain consistent across these variations. Overall, the Arkansas Summary of Schedules — Form 6CONTSU— - Post 2005 is a crucial document for individuals or entities filing for bankruptcy in Arkansas, as it provides a comprehensive overview of their financial situation to aid in the bankruptcy proceedings.
Arkansas Summary of Schedules - Form 6CONTSUM - Post 2005
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Schedules of Assets and Liabilities means the "Schedule of All Liabilities of Debtor and Statement of All Property of Debtor" Filed by the Debtors, as the same have been or may be amended from time to time prior to the Effective Date.
Official Form 106Sum is the Summary of Your Assets and Liabilities and Certain Statistical Information. It contains the ?bottom line? kind of information from your schedules. Things like the total value of your property, the total amount of your debts, and information about your income and expenses.
Statement of Assets and Liabilities means the unaudited statement of assets and liabilities of the Business dated as of the Statement Date, and included in the Financial Statements. Statement of Assets and Liabilities are to the contents as shown in the Exhibit.
Assets are what a business owns, and liabilities are what a business owes. Both are listed on a company's balance sheet, a financial statement that shows a company's financial health. Assets minus liabilities equal equity?or the company's net worth.
This chapter of the Bankruptcy Code generally provides for reorganization, usually involving a corporation or partnership. A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. People in business or individuals can also seek relief in chapter 11.