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Kentucky Schedule G: Executory Contracts and Unexpired Leases (non-individuals)

State:
Kentucky
Control #:
KY-SKU-0481
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PDF
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Schedule G: Executory Contracts and Unexpired Leases (non-individuals)

Kentucky Schedule G: Executory Contracts and Unexpired Leases (non-individuals) is a form used by non-individuals filing for bankruptcy in Kentucky to list all executory contracts and unexpired leases. An executory contract is a contract in which one or more parties have yet to perform their obligations. An unexpired lease is a lease that has not yet expired. Examples of such contracts and leases include rental agreements, car leases, employment contracts, and any other contract in which the filing party has yet to fulfill their obligations. Different types of Schedule G include Schedule G-1 for executory contracts, Schedule G-2 for unexpired leases, and Schedule G-3 for both.

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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.

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.

A lease to which the debtor is a party and whose term has not expired. A debtor may assume, or assume and assign, only those leases that are unexpired.

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.

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Kentucky Schedule G: Executory Contracts and Unexpired Leases (non-individuals)