The Wisconsin Summary of Schedules — Form 6CONTSU— - Post 2005 is an important document used in the bankruptcy process in the state of Wisconsin. It is submitted by individuals or businesses seeking bankruptcy relief, and it provides a comprehensive overview of their financial situation. This form consists of various schedules that need to be filled out accurately to ensure transparency and fairness during the bankruptcy proceedings. These schedules gather detailed information about the debtor's assets, liabilities, income, expenses, and other relevant financial data. The Wisconsin Summary of Schedules form includes the following schedules: 1. Schedule A: Real Property — This schedule requires the debtor to list all their real estate holdings, including primary residences, investment properties, or any other land they own. 2. Schedule B: Personal Property — Here, the debtor provides an itemized list of their personal property, such as vehicles, jewelry, artwork, furniture, electronics, and any valuable possessions. 3. Schedule C: Exemptions — This schedule allows the debtor to claim certain exemptions under state or federal law, which protect specific assets from being liquidated during the bankruptcy process. 4. Schedule D: Creditors Who Hold Claims Secured by Property — The debtor must list all creditors who hold claims secured by their property, including mortgages, liens, or any other type of secured debts. 5. Schedule E: Creditors Who Have Unsecured Priority Claims — This schedule is used to disclose creditors who have priority claims, such as tax debts, child support payments, or any other debts granted priority status under the bankruptcy law. 6. Schedule F: Creditors Holding Unsecured Nonpriority Claims — Here, the debtor lists all the unsecured creditors who do not have priority status in the bankruptcy process, including credit card companies, medical bills, personal loans, and more. 7. Schedule G: Executory Contracts and Unexpired Leases — This schedule requires the debtor to identify any ongoing contracts or leases they currently have, which might need to be assumed or rejected during bankruptcy. 8. Schedule H: Codebtors — The debtor provides information about anyone who is jointly responsible for the debts included in the bankruptcy filing. 9. Schedule I: Current Income of Individual Debtor(s) — This schedule requires the debtor to detail their monthly income from various sources such as employment, self-employment, rental properties, retirement benefits, or any other sources of income. 10. Schedule J: Current Expenditures of Individual Debtor(s) — The debtor outlines their monthly expenses, including housing costs, utilities, transportation, food, insurance, and other necessary living expenses. These schedules are crucial in determining the debtor's financial situation and ensuring fair distribution of assets to creditors during the bankruptcy proceedings. It is important to fill out these forms accurately and honestly, as any discrepancies or omissions could have serious legal consequences.
Wisconsin Summary of Schedules - Form 6CONTSUM - Post 2005
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FAQ
If you receive this notice, it means one of three things: The address you provided for the creditor in your bankruptcy paperwork was incorrect, The court sent you notice of your own bankruptcy via this form, or. Someone who owes you money filed bankruptcy.
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.
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.
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.