{"id":2641,"date":"2018-09-18T02:06:41","date_gmt":"2018-09-18T02:06:41","guid":{"rendered":"https:\/\/phoenixfreshstartbankruptcy.com\/?p=2641"},"modified":"2018-09-18T02:06:41","modified_gmt":"2018-09-18T02:06:41","slug":"bankruptcy-forms","status":"publish","type":"post","link":"https:\/\/phoenixfreshstartbankruptcy.com\/bankruptcy-forms\/","title":{"rendered":"Bankruptcy Forms"},"content":{"rendered":"<h2><span class=\"ez-toc-section\" id=\"How_to_List_a_Debt_in_Bankruptcy\"><\/span>How to List a Debt in Bankruptcy<span class=\"ez-toc-section-end\"><\/span><\/h2><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<label for=\"ez-toc-cssicon-toggle-item-6627863aeeff3\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6627863aeeff3\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/phoenixfreshstartbankruptcy.com\/bankruptcy-forms\/#How_to_List_a_Debt_in_Bankruptcy\" title=\"How to List a Debt in Bankruptcy\">How to List a Debt in Bankruptcy<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/phoenixfreshstartbankruptcy.com\/bankruptcy-forms\/#The_Bankruptcy_Petition\" title=\"The Bankruptcy Petition\">The Bankruptcy Petition<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/phoenixfreshstartbankruptcy.com\/bankruptcy-forms\/#Listing_Claims_on_Bankruptcy_Forms\" title=\"Listing Claims on Bankruptcy Forms\">Listing Claims on Bankruptcy Forms<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/phoenixfreshstartbankruptcy.com\/bankruptcy-forms\/#Listing_Debts_on_Bankruptcy_Forms\" title=\"Listing Debts on Bankruptcy Forms\">Listing Debts on Bankruptcy Forms<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/phoenixfreshstartbankruptcy.com\/bankruptcy-forms\/#Call_the_Phoenix_Fresh_Start_Bankruptcy_Attorneys_Today\" title=\"Call the Phoenix Fresh Start Bankruptcy Attorneys Today\">Call the Phoenix Fresh Start Bankruptcy Attorneys Today<\/a><\/li><\/ul><\/nav><\/div>\n\n<h3><span class=\"ez-toc-section\" id=\"The_Bankruptcy_Petition\"><\/span>The Bankruptcy Petition<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>A <a href=\"https:\/\/phoenixfreshstartbankruptcy.com\/best-phoenix-bankruptcy-attorneys\/bankruptcy-filing-basics\/\">bankruptcy case<\/a> gets started after you complete and file official bankruptcy forms with the United States Bankruptcy Court for the District of Arizona in Phoenix. The first section of these forms is called the petition. In the petition section, you disclose identifying data like your name, whether you are filing Chapter 7 or <a href=\"https:\/\/phoenixfreshstartbankruptcy.com\/phoenix-chapter-13-questions-and-answers-a-series-pt-3\/\">Chapter 13<\/a>, your address and prior bankruptcy filings if you have filed previously in the last eight years.<span class=\"m_3361396834940726377Apple-converted-space\">\u00a0<\/span><\/p>\n<p>You go on to provide much more detailed information about the extent of your real and personal property, your income and expenses. Perhaps most importantly, you disclose the identities and addresses of your creditors as well as accompanying descriptions of the nature and extent of the debts themselves.\u00a0<span class=\"m_3361396834940726377Apple-converted-space\">\u00a0\u00a0<\/span>These claims will be described as either secured or unsecured and as either priority or non-priority.<span class=\"m_3361396834940726377Apple-converted-space\">\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Listing_Claims_on_Bankruptcy_Forms\"><\/span>Listing Claims on Bankruptcy Forms<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>All Secured claims are claims for which something has been given as collateral as security for the debt. These claims are all listed on Schedule D. The creditor has a lien against the subject property entitling it to recover their collateral through processes like repo and foreclosure. Examples of secured claims include but are not limited to mortgages, furniture loans, car, and title loans.<\/p>\n<p>All unsecured claims are listed on Schedule E\/F. Priority unsecured claims, such as back due child support and child support and most taxes are listed in Part 1. These debts are not dischargeable so if they are not paid off through the bankruptcy, they will survive. The non-priority unsecured debts, such as credit card, tax debt due over four years ago and meeting other criteria,<span class=\"m_3361396834940726377Apple-converted-space\">\u00a0\u00a0<\/span>medical, student loans,<span class=\"m_3361396834940726377Apple-converted-space\">\u00a0\u00a0<\/span>and the like are listed in Part 2. Most of these debts are simply discharged in bankruptcy.<span class=\"m_3361396834940726377Apple-converted-space\">\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Listing_Debts_on_Bankruptcy_Forms\"><\/span>Listing Debts on Bankruptcy Forms<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>There are no limits on the extent of your debts if you file Chapter 7 bankruptcy. There are, however, stringent <a href=\"https:\/\/phoenixfreshstartbankruptcy.com\/chapter-13\/qualify-for-chapter-13-bankruptcy-in-phoenix\/\">limits in Chapter 13<\/a> which are reset from time to time. These amounts are not doubled for married joint filers.<span class=\"m_3361396834940726377Apple-converted-space\">\u00a0<\/span><\/p>\n<p>The secured debt limit is now $1,184,200. this amount includes all debts secured by real estate and personal property such as cars, equipment and all manner of personal property. Debts counting towards this limit also includes tax liens recorded prior to the filing of your bankruptcy.<span class=\"m_3361396834940726377Apple-converted-space\">\u00a0<\/span><\/p>\n<p>The unsecured debt limit of $394,725 includes the total of all amounts owed on credit cards, hospital bills, most taxes and other consumer debts, some taxes owed and even disputed debts in most cases.\u00a0<span class=\"m_3361396834940726377Apple-converted-space\">\u00a0\u00a0<\/span>Beyond getting your debts on the right Schedules, you are also obligated to note on each debt whether it is disputed, contingent, unliquidated.<span class=\"m_3361396834940726377Apple-converted-space\">\u00a0<\/span><\/p>\n<p>A debt is disputed when there is disagreement about the existence or amount of the debt. For example, if you think you owe Am Ex $6,000 for a credit card debt, and Capital One asserts that you owe $8,000. You would depict Am Ex as a creditor, list the full amount asserted by Capital One, but<span class=\"m_3361396834940726377Apple-converted-space\">\u00a0\u00a0<\/span>identify the debt as \u201cDisputed.\u201d Doing so ensures that the debt is included in the bankruptcy discharge. But it puts the trustee on notice that if there are any funds to be distributed, the creditor may not be entitled to a full distribution of any estate assets.<\/p>\n<p>A contingent debt is a debt owed that hinges on an event that, at a minimum, hasn\u2019t happened but may include events that may never happen. These debts are included when the contingency that creates the debt is likely and the amount of the debt can at least be estimated. Let\u2019s say you co-sign for a furniture loan for your cousin. You may never be required to make a payment unless she defaults, but you may still want to eliminate that contingent potential liability in your bankruptcy. Moreover, unsecured contingent debt does not count towards your debt limit in Chapter 13<\/p>\n<p>An unliquidated debt means that the exact amount of the debt cannot be established. For instance, let\u2019s say you are sued for breach of contract but it is unclear how much you are ultimately going to owe. It is important to list an unliquidated debt even though the extent of the debt is unknown.<span class=\"m_3361396834940726377Apple-converted-space\">\u00a0\u00a0<\/span>Unliquidated debt does not count towards your debt limit in Chapter 13.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Call_the_Phoenix_Fresh_Start_Bankruptcy_Attorneys_Today\"><\/span>Call the Phoenix Fresh Start Bankruptcy Attorneys Today<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Please set an appointment with Phoenix Fresh Start Bankruptcy Attorneys if you have any questions about how your debts should be listed on your bankruptcy schedules.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How to List a Debt in Bankruptcy The Bankruptcy Petition A bankruptcy case gets started after you complete and file official bankruptcy forms with the United States Bankruptcy Court for the District of Arizona in Phoenix. The first section of these forms is called the petition. In the petition section, you disclose identifying data like your name, whether you are filing Chapter 7 or Chapter 13, your address and prior bankruptcy filings if you have filed previously in the last [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2434,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,37,36],"tags":[],"_links":{"self":[{"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/posts\/2641"}],"collection":[{"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/comments?post=2641"}],"version-history":[{"count":0,"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/posts\/2641\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/media\/2434"}],"wp:attachment":[{"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/media?parent=2641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/categories?post=2641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/tags?post=2641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}