Delaware Summary of Schedules — Form 6CONTSU— - Post 2005 is a legal document used in bankruptcy cases filed after the year 2005 in the state of Delaware. It provides a comprehensive overview of the debtor's assets, liabilities, and financial affairs. The form contains several schedules, each focusing on a specific aspect of the debtor's financial situation. Below is a detailed description of the key schedules included in the Delaware Summary of Schedules — Form 6CONTSU— - Post 2005: 1. Schedule A: Real Property — This schedule lists all the real estate owned by the debtor, including residential, commercial, or investment properties. It provides essential details such as property address, market value, outstanding mortgages or liens, and the debtor's equity in each property. 2. Schedule B: Personal Property — This schedule covers various personal assets owned by the debtor, such as vehicles, jewelry, furniture, electronics, and other valuable items. It requires the debtor to disclose the estimated value of each asset and any secured claims against them. 3. Schedule C: Property Claimed as Exempt — In this schedule, the debtor identifies property that is exempt from the bankruptcy estate under Delaware state law. Exempt property is typically protected from liquidation to satisfy creditors' claims. 4. Schedule D: Creditors Holding Secured Claims — This schedule focuses on creditors who hold liens or security interests in the debtor's property. It requires the debtor to provide comprehensive information about each secured claim, including the creditor's name, claim amount, collateral securing the debt, and any default or delinquency. 5. Schedule E: Creditors Holding Unsecured Priority Claims — Unsecured priority claims are debts that must be paid before general unsecured debts. This schedule lists priority creditors, such as tax authorities or employees entitled to unpaid wages, detailing the amount owed to each creditor. 6. Schedule F: Creditors Holding Unsecured Nonpriority Claims — Here, the debtor lists general unsecured creditors, including credit card companies, medical providers, and other individuals or entities to whom debts are owed. The schedule includes the creditor's name, the nature of the debt, and the amount owed. 7. Schedule G: Executory Contracts and Unexpired Leases — If the debtor has any ongoing contracts or leases, they must be disclosed in this schedule. It identifies these agreements and provides relevant details, such as the counterparties, subject, and the debtor's intentions regarding their assumption or rejection. 8. Schedule H: Co-Debtors — This schedule outlines any individuals who are jointly liable for the debtor's debts. It includes co-debtors' names and contact information, allowing the court to assess their potential responsibility for the debt. 9. Schedule I: Current Income — This schedule focuses on the debtor's current monthly income, including wages, business income, rental income, and any other sources of revenue. It also requires details of regular expenses, enabling the court to evaluate the debtor's financial circumstances comprehensively. 10. Schedule J: Current Expenditures — Here, the debtor provides a breakdown of their monthly living expenses, covering necessities like housing, transportation, groceries, utilities, medical costs, and other regular expenses. It assists the court in assessing the debtor's financial well-being and determining the feasibility of a repayment plan. These schedules, collectively forming the Delaware Summary of Schedules — Form 6CONTSU— - Post 2005, help the bankruptcy court, creditors, and other interested parties gain a comprehensive understanding of the debtor's financial situation. By examining the provided information, the court can make informed decisions regarding the bankruptcy process, including the distribution of assets and the establishment of a repayment plan if applicable.
Delaware Summary of Schedules - Form 6CONTSUM - Post 2005
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How to fill out Delaware Summary Of Schedules - Form 6CONTSUM - Post 2005?
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FAQ
A creditor schedule is a statement that details the balances of the creditor control account and compares them with the individual creditor balances. A debtor schedule compares the individual customer balances with the balances of the debtor control account.
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.
What Does Debtor Mean? Debtors are individuals or businesses that owe money. Debtors can owe money to banks, or individuals and companies. Debtors owe a debt that must be paid at some time in the future.
This is an Official Bankruptcy Form. Official Bankruptcy Forms are approved by the Judicial Conference and must be used under Bankruptcy Rule 9009.
An individual who is authorized to act on behalf of a non-individual debtor, such as a corporation or partnership, must sign and submit this form for the schedules of assets and liabilities, any other document that requires a declaration that is not included in the document, and any amendments of those documents.
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.
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.
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.