Wyoming Schedule G: Executory Contracts and Unexpired Leases (non-individuals) is a form used by non-individuals when filing for bankruptcy in Wyoming. It requires the debtor to list all existing executory contracts and unexpired leases that are not being assumed or rejected. Examples include commercial leases, contracts with suppliers, and contracts with customers. The form also requires information about each contract, such as the parties involved, the term of the contract, and the nature of the contract. Additionally, the debtor must indicate whether the contract or lease is being assumed or rejected. There are two types of Wyoming Schedule G: Executory Contracts and Unexpired Leases (non-individuals): those for consumer debtors and those for non-consumer debtors.
Wyoming Schedule G: Executory Contracts and Unexpired Leases (non-individuals)
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FAQ
Now even in executory contracts, there are two types, namely unilateral and bilateral contracts.
Executory refers to something (generally a contract) that has not yet been fully performed or completed and is therefore considered imperfect or unassured until its full execution. Anything executory is started and not yet finished, or is in the process of being completed in order to take full effect at a future time.
An example of an executory contract would be an apartment lease. When you enter into a lease agreement, you are promising to pay the rent for a period of time. Until the term expires, the contract promises have not been fulfilled. Put another way, a landlord generally rents an apartment under a lease contract.
A lease to which the debtor is a party and whose term has not expired. A debtor may assume, or assume and assign, only those leases that are unexpired.
What are ?executory contracts? and ?unexpired leases?? An executory contract is a contract where both parties still have important things to do. An equipment lease is an executory contract. An unexpired lease is a lease that is ongoing like a car or truck lease or an apartment lease.