Bankruptcy Schedules \ What are they? Bankruptcy Forms Explain - BY: BankruptcyMax.com

Bankruptcy schedules are forms that each debtor need to fill. Those forms are official and you can find them if you live in Detroit area by going to the official Bankruptcy Court For The Eastern District of Michigan website. Each form is  for specific  subject for example Bankruptcy Schedule A  ask you about your real estate. Bankruptcy Schedule B will ask about your personal property and more. There are ten bankruptcy schedules in all and they are organized alphabetically ranging from Schedule A to Schedule J.

·         Schedule A – is About Real Property:

·         Schedule B – is About Personal Property

Schedule B requires the debtor to disclose all interests in personal property. This includes the debtor's:

• Household goods
• Clothing
• Vehicle
• Retirement plan(s)
• Bank accounts
• Stocks
• Bonds
• Mutual funds
• Business interests
• Partnership interests

·         Schedule C - Exemptions:  Here you need to list your exemptions, which are legal reasons why you get to keep your assets. Your lawyer will have the expertise to determine if any of your property will be at risk, thus, non-exempt.

·          Schedule D - Secured Creditors: Secured debts are debts that are linked to some form of property. For example, your mortgage company would be a secured creditor since they hold a lien against your home. Your auto lender would be a secured creditor since they have a lien on your auto. You need to list your secured creditors Such as mortgage, auto loan, etc

·         Schedule F - General Unsecured Creditors: Generally this schedule consists of a lot of unsecured personal loans, unsecured credit cards/lines, medical bills, etc.

·         Schedule G - Executory Contracts and Unexpired Leases

·         Schedule I - Income: 

·          Schedule J - Regular Monthly Expenses and Disposable Income. If you have any questions, call us at (248) 281-6299. We offer Free Bankruptcy Consultation.