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Official Form 106Sum. Summary of Your Assets and Liabilities and Certain Statistical Information. 12/15. Be as complete and accurate as possible. If two married people are filing together, both are equally responsible for supplying correct information.
This is an Official Bankruptcy Form. Official Bankruptcy Forms are approved by the Judicial Conference and must be used under Bankruptcy Rule 9009.
Key Takeaways. Debtors are individuals or businesses that owe money, whether to banks or other individuals. Debtors are often called borrowers if the money owed is to a bank or financial institution, however, they are called issuers if the debt is in the form of securities.
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.
debtor is someone who took out a loan with you. In doing so, they agreed to be equally responsible for repaying the loan or debt. If you have debts with codebtors and you don't reaffirm the debt in a Chapter 7 case, your codebtor will be solely responsible for repaying the debt if you get a bankruptcy discharge.