North Dakota Summary of Schedules — Form 6CONTSU— - Post 2005 is a document that provides a comprehensive and detailed overview of a debtor's assets, liabilities, and financial status in bankruptcy cases in North Dakota. This essential form lays out crucial information needed by the bankruptcy court, creditors, and other interested parties to understand the debtor's financial situation. The North Dakota Summary of Schedules — Form 6CONTSU— - Post 2005 encompasses several schedules, each serving a specific purpose to present a complete picture of the debtor's financial affairs. These schedules include: 1. Schedule A: Real Property: This schedule lists all real estate properties owned by the debtor, including any residential, commercial, or investment properties. It includes details such as the property's address, value, mortgage or liens attached, and the debtor's equity in each property. 2. Schedule B: Personal Property: This schedule accounts for the debtor's personal belongings, such as vehicles, jewelry, furniture, electronics, and any other valuable possessions. It provides information on the items' description, estimated value, and any liens or loans associated with them. 3. Schedule C: Property Claimed as Exempt: In this schedule, the debtor outlines certain assets they claim to be exempt from being used to settle their debts. These exemptions may include a primary residence, certain personal property items, retirement accounts, and more, as permitted under North Dakota bankruptcy laws. 4. Schedule D: Creditors Holding Secured Claims: This schedule enumerates all creditors holding a claim against the debtor's property. It specifies the type of collateral securing the debt, the claimant's name and address, the amount owed, and any installment payment arrangements. 5. Schedule E: Creditors Holding Unsecured Priority Claims: This schedule comprises creditors with claims that are given priority treatment in bankruptcy proceedings, such as tax liabilities, alimony or child support obligations, and certain government fines or penalties. 6. Schedule F: Creditors Holding Unsecured Nonpriority Claims: All remaining unsecured creditors who do not qualify for priority claims are included in this schedule. It includes credit card companies, medical bills, personal loans, and similar debts. The claimant's information and amount owed are recorded. 7. Schedule G: Executory Contracts and Unexpired Leases: If the debtor has any active contracts or leases, such as rental agreements, vehicle leases, or service contracts, they must be listed in this schedule. This helps the court assess any ongoing financial obligations for the debtor. 8. Schedule H: Co-debtors: This schedule identifies any individuals or entities jointly responsible for the debtor's debts. Co-debtors' details, including their relationship to the debtor and the amount owed jointly or severally, are disclosed here. Completing the North Dakota Summary of Schedules — Form 6CONTSU— - Post 2005 accurately and thoroughly is crucial for bankruptcy proceedings. It ensures transparency, provides necessary information to creditors, and assists the court in making informed decisions regarding the debtor's financial situation.
North Dakota 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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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.
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.
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.
Official Form 106Sum is the Summary of Your Assets and Liabilities and Certain Statistical Information. It contains the ?bottom line? kind of information from your schedules. Things like the total value of your property, the total amount of your debts, and information about your income and expenses.
Secured Creditors are creditors that hold a lien on its debtor's property, whether that property is real property or personal property. The lien gives the secured creditor an interest in its debtor's property that provides for the property to be sold to satisfy the debt in cases of default.
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.
Whether the trustee can take money you receive after filing your case depends on whether you were entitled to the money at the time your case was filed and how it was listed on your forms, if at all.