Schedule G – Executory Contracts and Unexpired Leases

INSTRUCTIONS : SCHEDULE G EXECUTORY CONTRACTS AND UNEXPIRED LEASES (Form B-6G)

• When filing for bankruptcy, there is a lot of paperwork required to initiate the filing process. Before your bankruptcy case can being, however, you must fill out the necessary forms and file them with the United States bankruptcy court for your respective district. Once the particular court has approved the filing, your bankruptcy case can begin. One particular form which commonly gives individuals trouble is the Form B-6G- Schedule G Executory Contracts and Unexpired Leases form. Although many filers have problems with this form, a few basic pieces of information will expedite this process.

Filling out the Bankruptcy Schedule G Form:

• The Form B-6G-Schedule G possesses several components; the first part of the form features Executory contracts, which are in essence, contracts that have been signed where the individual promises to pay or receive payment for a service that will take place in the future. For example, hiring a contractor to build you a house, one from the agreement, would be a common example of an executroy contract. All contracts, that possess these characteristics, must be listed on this portion of them; additionally, when listing the contract, you are required to declare the relationship to the contract, meaning were you the purchaser or the contractor?

• The second part of the Form B-6G Schedule G will cover unexpired leases. These contracts refer to any rental or lease agreement where the person declaring bankruptcy is a fundamental part of; these agreements are active and must be renewed in writing. Examples of an unexpired lease will include, time share property, as well as numerous real estate transactions. Similar to the first part of the Schedule G, this portion will require you to fill in your relationship to the contract, when it is set to expire and other particulars associated with the form.

Chapter 13 Case

Notice of Objection to Claim

Discharge of Individual Debtor in a Chapter 11 Case

Transfer of Claim Other Than for Security

Order for Relief in an Involuntary Case

Form B-7 Statement of Financial Affairs

INSTRUCTIONS : STATEMENT OF FINANCIAL Affairs (Form B-7)

What is the Statement of Financial Affairs?

• In a bankruptcy filing, a statement of financial affairs represents the official form filled out by a debtor in which the debtor must answer, in writing, a series of questions concerning their financial affairs. The statement of financial affairs, found on the B-7 petition for a bankruptcy filing, will include questions concerning the debtor’s sources of income, the specifics regarding any and all transfers of property made by the debtor, and all information regarding any past lawsuits filed by past creditors.

• The statement of financial affairs helps the bankruptcy court determines specific factors regarding an individual bankruptcy case, such as the debtor’s ability to reorganize or repay their lenders. The statement of financial affairs must be filled out in a correct and accurate manner to avoid any penalties or legal situations. If you omit any information on this form or supply any incorrect financial information, it could negatively affect your bankruptcy filing.

What is on the Statement of Financial Affairs?

• The Statement of Financial Affairs lists 25 questions that will ask things relating to your total income for the past 3 years, any amounts you have paid to creditors, any lawsuits you have been involved in, all property that you own that is in possession of others, all expenses you have incurred to file bankruptcy and personal information regarding both you and your spouse.

• To file the statement of affairs you will need all of your financial and legal records from the past three years including your tax returns and any business records for companies you own any part of.

Affidavit of Service by Mail

Schedule H – Codebtors

INSTRUCTIONS : SCHEDULE H CO-DEBTORS (Form B-6H)

• If you are completing a bankruptcy form Schedule H for codebtors, then you will need to have a set of clear instructions to help streamline the filing. In most instances, however, it is best to have a bankruptcy attorney assist you. Prior to the filing of Schedule H, you should understand what a codebtor is.

• A codebtor refers to any individual who you share a debt with. For instance, in the event that you bought a car or a house, a codebtor is an individual who acts as your co-signer. Co-debtors are typically offered certain protections when the debtor files for bankruptcy; in addition, a codebtor may receive credit for payments that are made by the debtor on a debt during a bankruptcy case. In summation, the codebtor will not be penalized for the debtor’s bankruptcy.

Completing Schedule H:

• To complete Form B-6H you must provide the trustee and the creditor with information concerning any and all codebtors. On this form, a codebtor represents an individual in a joint case who is liable for all debts that are listed by the debtor in the schedules of creditors. If you currently possess no codebtors then you will need to check the corresponding box and move forward to the next schedule.

• The Schedule H portion of the petition is a basic two column form; in the first column you will provide personal and basic information concerning you codebtor, such as their name, address and date of birth. In the next column you will list all information regarding the type of debt the co-signer took on for you. In this column you will provide all information regarding the debt, including the amount of the debt, the type of debt, the date it was agreed to, the amount unpaid and other particulars associated with the particular debt. In this section, you will also be detail characteristics associated with the co-debtor—for example, if the codebtor is not your spouse or if the individual co-signed a piece of property for you.

Proof Of Claim

INSTRUCTIONS: PROOF OF CLAIM

A proof of claim is submitted by creditors in a bankruptcy case to establish their claim for payment. This is filled out in response to a notice that a bankruptcy case has been established by the creditor in question. The proof of claim form may be attached with this notice or obtained from the website of the United States Courts system.

Proof of Claim Step 1: Enter the name of the debtor and the case number which has been assigned to their bankruptcy proceedings.

Proof of Claim Step 2: Enter the name of the creditor, as well as the name, address and contact information for where all subsequent notices regarding the progress of the case should be sent.

Proof of Claim Step 3: Enter the address where payments should be sent if it is different from the address listed above.

Proof of Claim Step 4: Enter the amount of the debt owed.

Proof of Claim Step 5: Enter the nature of the debt incurred, such as failure to pay for goods purchased or credit card debt.

Proof of Claim Step 6: Enter the last four digits of the social security number or tax identification number of the debtor.

Proof of Claim Step 7: If the debtor incurred their debt under a different name, list it next to 3a. If your business has a uniform claim number (used to identify large businesses), list it next to 3b.

Proof of Claim Step 8: If the claim is secured in the form of a lien placed upon the debtor's property (meaning it can be sold to pay off the debt), list the nature of the property in question, such as an automobile or real estate.

Proof of Claim Step 9: If your claim is defined as having priority under bankruptcy code 11 U.S.C. § 507 (a), note so under section 5. These include domestic support payments, wages or payments earned in the 180 days prior to bankruptcy being filed for and government taxes.

Proof of Claim Step 10: Note any payments which have been made by the creditor in section 6.

Proof of Claim Step 11: Attach copies of all documents which substantiate your claim, such as invoices.

Proof of Claim Step 12: Sign and date the form. This must be submitted to the bankruptcy court overseeing this case.

Bankruptcy

Debtor’s Certification of Completion of Instructional Course Concerning Financial Management

Application for Discharge of Judgment