This form is a Summary of Schedules. The summary of schedules lists the name of the schedules, the number of sheets, assets, and liabilities.
Fairfax Virginia Summary of Schedules - Form 6CONTSUM - Post 2005
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State:
Multi-State
County:
Fairfax
Control #:
US-BKR-F6CS
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FAQ
The 341 meeting is presided over by the bankruptcy trustee that was appointed in the case. The meeting is an opportunity for the bankruptcy trustee and creditors to question the debtor under oath regarding their assets, liabilities, and other matters that pertain to their bankruptcy case.
(2) Written Objection. An objection to the confirmation of a chapter 13 plan shall be made by motion setting forth the facts and legal arguments that give rise to the objection in sufficient detail to allow the debtor to file a reply or an amended plan that addresses the objection.
SCHEDULED CLAIM. A claim scheduled by the debtor in its Schedules of Assets and Liabilities. SCHEDULES OF ASSETS AND LIABILITIES. Schedules a debtor must file with the Bankruptcy Court setting forth its assets and liabilities as of the petition date.
When you file for Chapter 13 bankruptcy, you must go to a mandatory hearing called the meeting of creditors before your case can be approved (confirmed) by the court. The meeting of creditors is a short hearing that allows the trustee appointed to your case to verify information in your bankruptcy papers.
A list of creditors that hold secured claims, meaning they have an interest in the property. The list includes the creditor's name, address, amount of the debt, and date of when the debt was incurred.
After the meeting of creditors, the debtor, the chapter 13 trustee, and those creditors who wish to attend will come to court for a hearing on the debtor's chapter 13 repayment plan.
The Chapter 7 meeting of creditors (also called the 341 hearing) is a meeting at which the bankruptcy trustee and your creditors get to ask you questions under oath about your bankruptcy petition and the documents you're required to provide the trustee.
As part of the process, the debtor must submit a repayment plan for court approval. But other people with an interest in the bankruptcy case can also make their opinions known. The bankruptcy trustee assigned to the case and any of the creditors seeking repayment can file objections to the debtor's proposed plan.
Most creditors use the meeting as a discovery tool. They'll ask questions about your dealings with them to determine whether it will be worthwhile to object to the discharge of the debt you owe. If the creditor has a legitimate issue, they'll likely be willing to settle the matter without litigation.
Your creditors will ask you questions about your present and past financial situation, business dealings, and property that you own. Creditors rarely come to the 341 meeting of creditors?the meeting that all bankruptcy filers must attend?but it does happen.
