What does Schedules mean?

Schedules are the official lists prescribed by the bankruptcy court that debtors must submit along with their filing petition. Schedules show the debtor's assets, liabilities, and other financial information that will be used to process the bankruptcy case. Filling out the schedules improperly, incorrectly, or fraudulently can be grounds for dismissal of the debtor's bankruptcy case.

The bankruptcy petition is submitted to the bankruptcy court. The petition provides information such as the name of the filer, their debt totals, the type of bankruptcy they are filing and whether they are a business debtor or consumer debtor. Schedules which are submitted with the bankruptcy petition include Schedule A, which lists real estate, Schedule B, which lists all personal property, Schedule C, which lists the exemptions allowed under the applicable state or federal law, Schedule D, which lists all secured creditors, Schedule E, which lists all priority creditors, Schedule F, which lists all unsecured creditors, Schedule G, which lists all Executory Contracts/Leases, Schedule H, which lists any co-debtors, and Schedules I & J, which lists the debtor's income and expenses.

Debtors are allowed to complete their schedules and file their petition without a bankruptcy lawyer but all forms must be accurate and debtors cannot submit fraudulent information. Not having a lawyer will not be an excuse for inaccurate information.

Related Pages

Previous Entry

Repayment Plan

Next Entry

Secured Creditor

Browse Legal Glossary Alphabetically:

1 | A | B | C | D | E | F | G | H | I | J | L | M | N | O | P | Q | R | S | T | U | V | W | Z |

Lawyers near

Higgins and Associates

Higgins and Associates Profile Picture
8200 Camp Bowie Blvd West
Fort Worth, TX 76116

Atwood and McVay, LLP

Atwood and McVay, LLP Profile Picture
6953 Charlotte Pike, Ste. 401
Nashville, TN 37209

Lincoln Law

Lincoln Law Profile Picture
921 West Center St.
Orem, UT 84057

Term of the Day

Listing of Impairments

The Social Security Administration\'s Listing of Impairments, also known as the Blue Book, describes major diseases and impairments for each body system.

Category: Disability