This form is a Summary of Schedules. The summary of schedules lists the name of the schedules, the number of sheets, assets, and liabilities.
Kentucky Summary of Schedules - Form 6CONTSUM - Post 2005
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How to fill out Summary Of Schedules - Form 6CONTSUM - Post 2005?
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FAQ
In a business bankruptcy, this rule determines the portion of payment that will be made to each partner. Creditors' debts will be paid first, and then other shareholders will receive whatever is left of the remaining assets.
Debts have different degrees of priority. The debts that must be repaid in Chapter 13 are priority debts including child support, alimony, certain taxes, and wages owed to employees. Your plan must also address your secured debts. Secured debts are those that are secured by collateral, such as a mortgage or car loan.
What are priority debts? Priority debts are those that carry the most serious consequences if you don't pay them. These don't have to be the largest or debts with the most expensive interest rates, but if you don't pay them it could lead to serious problems. Priority debts include: court fines.
This is an Official Bankruptcy Form. Official Bankruptcy Forms are approved by the Judicial Conference and must be used under Bankruptcy Rule 9009.
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.
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.
Debts dischargeable in a chapter 13, but not in chapter 7, include debts for willful and malicious injury to property (as opposed to a person), debts incurred to pay nondischargeable tax obligations, and debts arising from property settlements in divorce or separation proceedings. 11 U.S.C. § 1328(a).
Priority debt is a phrase referring to the most urgent or important debts that must be paid off in bankruptcy. Listed in the order of priority, these include alimony, child support, trustee fees, bankruptcy attorney fees, court fines, employee wage debt.