Wisconsin Summary of Schedules - Form 6CONTSUM - Post 2005

• Category: Bankruptcy - Schedules
• State: Multi-State
• Control #: US-BKR-F6CS
• Format: Word; PDF; Rich Text

Description

This form is a Summary of Schedules. The summary of schedules lists the name of the schedules, the number of sheets, assets, and liabilities.

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.