Kentucky Schedule G: Executory Contracts and Unexpired Leases (individuals) is a document used in Kentucky bankruptcy proceedings by individuals. It is used to list and describe executory contracts and unexpired leases held by the debtor. Executory contracts are those which have unfulfilled obligations and rights on both sides of the contract, while unexpired leases are those which have not yet expired. Examples of executory contracts include employment contracts, service contracts, and lease agreements. Examples of unexpired leases include residential leases, commercial leases, and equipment leases. There are three types of Kentucky Schedule G: Executory Contracts and Unexpired Leases (individuals): Type A for executory contracts; Type B for unexpired leases; and Type C for both executory contracts and unexpired leases. The debtor must provide information on the type of contract or lease, the date it was entered into, the name of the other party, a description of the contract or lease, and the date it is scheduled to expire.
Kentucky Schedule G: Executory Contracts and Unexpired Leases (individuals)
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How to fill out Kentucky Schedule G: Executory Contracts And Unexpired Leases (individuals)?
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FAQ
An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit. Assets are reported on a company's balance sheet. They are bought or created to increase a firm's value or benefit the firm's operations.
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. Ideally, a company should have more assets than liabilities.
Official Form 106Sum. Summary of Your Assets and Liabilities and Certain Statistical Information.
What are ?executory contracts? and ?unexpired leases?? An executory contract is a contract where both parties still have important things to do. An equipment lease is an executory contract. An unexpired lease is a lease that is ongoing like a car or truck lease or an apartment lease.
Form Number: B 106I. Category: Individual Debtors. Effective onDecember 1, 2015. This is an Official Bankruptcy Form. Official Bankruptcy Forms are approved by the Judicial Conference and must be used under Bankruptcy Rule 9009.
