The District of Columbia Declaration Concerning Debtors' Schedules — Form 6SI— - Post 2005 is a legal document used in bankruptcy cases specific to the District of Columbia jurisdiction. This form is relevant for debtors who filed for bankruptcy after the year 2005 and are required to disclose their financial information accurately. This declaration serves as an essential part of the bankruptcy process as it assists the bankruptcy court and creditors in gaining a comprehensive understanding of the debtor's financial situation. It requires debtors to provide detailed schedules regarding their assets, liabilities, income, expenses, and other financial matters. There are several variations of the District of Columbia Declaration Concerning Debtors' Schedules — Form 6SI— - Post 2005, each catering to different aspects of a debtor's financial affairs. Some common types include: 1. Schedule A: Real Property — This schedule requires debtors to list all the real estate properties they own, including their addresses, current values, mortgage holders, and any other relevant information. 2. Schedule B: Personal Property — Debtors must disclose details about their personal belongings, such as vehicles, jewelry, electronics, household items, and other valuable assets. 3. Schedule C: Property Claimed as Exempt — This schedule allows debtors to identify property that is exempt from being liquidated or seized during bankruptcy proceedings. It provides a list of assets that debtors consider vital for their basic needs or protected under state or federal laws. 4. Schedule D: Creditors Holding Secured Claims — This schedule outlines the creditors who have a legal right to seize specific assets if the debtor fails to repay their loans or fulfill contractual obligations. Debtors must report the details of these secured creditors, including any liens or mortgages associated with the property. 5. Schedule E: Creditors Holding Unsecured Priority Claims — Debtors need to list creditors who hold unsecured priority claims, such as tax debts, child support or alimony obligations, and certain other financial obligations that take priority over general unsecured creditors. 6. Schedule F: Creditors Holding Unsecured Nonpriority Claims — In this schedule, debtors provide information on unsecured creditors who do not hold priority status. This includes credit card debts, medical bills, personal loans, and other similar obligations. 7. Schedule G: Executory Contracts and Unexpired Leases — Debtors disclose any ongoing contracts or leases they have with third parties, such as rental agreements, service contracts, or lease agreements for vehicles. By accurately completing and submitting the various schedules in the District of Columbia Declaration Concerning Debtors' Schedules — Form 6SI— - Post 2005, debtors provide a comprehensive snapshot of their financial situation, aiding the bankruptcy court in making informed decisions regarding the case. It also ensures transparency and fairness between debtors and creditors throughout the bankruptcy process.
District of Columbia Declaration Concerning Debtors' Schedules - Form 6SIG - Post 2005
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Statement of Financial Af·?fairs. : a written statement filed by a debtor in bankruptcy that contains information regarding especially financial records, location of any accounts, prior bankruptcy, and recent or current debt. called also statement of affairs.
A debtor is commonly known as a borrower, but when a company's debt is in the form of securities, it is called an issuer. The relationship of a debtor is completed with the Creditor, where the Creditor is the entity to whom the debtor owes the money. For example, 'A' borrows money from the Bank.
Official Form 106Dec. Declaration About an Individual Debtor's Schedules. 12/15. If two married people are filing together, both are equally responsible for supplying correct information. You must file this form whenever you file bankruptcy schedules or amended schedules.
To qualify for relief under chapter 7 of the Bankruptcy Code, the debtor may be an individual, a partnership, or a corporation or other business entity.
Only an individual with regular income that owes, on the date of the filing of the petition, noncontingent, liquidated debts of less than $2,750,000 or an individual with regular income and such individual's spouse, except a stockbroker or a commodity broker, that owe, on the date of the filing of the petition, ...
This is an Official Bankruptcy Form. Official Bankruptcy Forms are approved by the Judicial Conference and must be used under Bankruptcy Rule 9009.
A debtor is a person or business that owes money to another person or business. For example, if you take out a car loan from your credit union, you're the debtor and the credit union is the creditor in this transaction.
Debtors are individuals or businesses that owe money, whether to banks or other individuals. Debtors are often called borrowers if the money owed is to a bank or financial institution, however, they are called issuers if the debt is in the form of securities.