As part of the bankruptcy process, a debtor must file several schedules in addition to their petition for bankruptcy.  At De Novo Law firm, our bankruptcy attorneys have helped numerous clients navigate the process of chapter 7 bankruptcy and chapter 13 bankruptcy.  The schedules are the main portion of the bankruptcy petition because they comprise the detailed financial information pertaining to the client’s assets and liabilities.  The schedules filed for bankruptcy are schedules A, B, C, D, E, F, G, H, and J.  The following schedules are:

Schedule A: Real Property

Any real estate that the debtor owns.

Schedule B: Personal Property

Any valuable items the debtor owns such as bank accounts, vehicles, collections and furnishings.

Schedule C: Property claimed as Exempt

Any exemptions allowed under the state or federal law, such as one motor vehicle, jewelry, heirlooms, and tools of trade.

Schedule D: Creditors Holding Secured Claims

Any debts owed to creditors such as a house or a car.

Schedule E: Creditors Holding Unsecured Priority Claims

Any debts owed to unsecured claims, such as taxes and domestic support.

Schedule F: Creditors Holding Unsecured Nonpriority Claims

Any unsecured debts that do not have priority such as credit card debt, bank overdrafts, medical bills and utility payments.

Schedule G:  Executory Contracts & Unexpired Leases

Any unexpired leases of real or personal property and executory contracts that are are not completed.

Schedule H: Codebtors

Any person, such as a spouse, who is also liable for the debts.

Schedule I: Current Income of Individual Debtor(s)

Average monthly income of the debtor(s), which includes wage income and self-employment profit and loss.

Schedule J: Current Expenditures of Individual Debtor(s)

Average or projected monthly expenses of the debtor(s) and the debtor’s family.

All the schedules are necessary for proper processing of the bankruptcy case.  Other forms and statements are required as well.  If you are considering filing bankruptcy and have concerns about any of the information disclosed in these schedules, contact us today for a free consultation by calling (951) 801-5570.


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