This form is data enabled to comply with CM/ECF electronic filing standards. This form is for post 2005 act cases.
Virginia Creditors Holding Secured Claims — Schedule — - Form 6D - Post 2005 is a legal document used in bankruptcy cases to outline the details of secured claims by creditors in the state of Virginia. This form is essential to determine the priority and value of secured debts when assessing a debtor's assets and liabilities. This particular form, Schedule D, is specific to post-2005 bankruptcy filings in Virginia and requires creditors to provide comprehensive information about their secured claims. It is crucial for both debtors and creditors to understand the implications of this form in order to ensure a fair and accurate determination of their rights and obligations. Some key elements that are typically included in Virginia Creditors Holding Secured Claims — Schedule — - Form 6D - Post 2005 are: 1. Creditor Information: This section requires the creditor to provide their full legal name, contact details, and any relevant identifying information such as tax identification numbers. 2. Collateral Description: Creditors must include a detailed description of the collateral securing the debt. This could include real estate, personal property, vehicles, equipment, or any other assets that are subject to the secured claim. 3. Value of Collateral: Creditors are required to state the estimated value of the collateral securing their claim. This is important for determining the priority of claims and the availability of assets to repay debts. 4. Nature of the Claim: Creditors must specify whether their claim is secured by a lien, mortgage, or other types of legal security interest. They need to provide details about the underlying debt, including the original balance, accruals, interest rates, and any other relevant terms. 5. Priority: Creditors must indicate the priority of their claim by determining whether it is a priority claim, a perfected security interest, or a non-priority unsecured claim. Prioritization plays a significant role in determining the order in which creditors will be repaid. It is important to note that different versions or variations of Virginia Creditors Holding Secured Claims — Schedule — - Form 6D - Post 2005 may exist based on specific court requirements or amendments to bankruptcy laws in Virginia. However, the core information and purpose of the form remain the same — to provide a detailed summary of secured claims held by creditors in bankruptcy cases. By accurately completing Schedule D, creditors can protect their interests and assert their rights to secure the repayment of their debts. Debtors, on the other hand, can use this form to understand the extent of their secured obligations and work towards a viable debt repayment plan within the framework of bankruptcy proceedings.
