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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.
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.
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.
Schedule D: Secured Debts Official Form 106D, called Schedule D: Creditors Who Hold Claims Secured By Property (individuals), is for secured debts. It lists debt secured by an interest in either real property (like a house) or personal property. The most common types of secured debts are car loans and home mortgages.
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.