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Summary of Your Assets and Liabilities and Certain Statistical Information (Official Form 106Sum)   

When you file for bankruptcy, you must summarize certain information from the following forms:  

Schedule A/B: Property (Official Form 106A/B)   

Schedule D: Creditors Who Have Claims Secured by Property (Official Form 106D)   

Schedule E/F: Creditors Who Have Unsecured Claims (Official Form 106E/F)  

Schedule I: Your Income (Official Form 106I)   

Schedule J: Your Expenses (Official Form 106J)  

Chapter 7 Statement of Your Current Monthly Income (Official Form 122A-1),

Chapter 11 Statement of Your Current Monthly Income (Official Form 122B), or Chapter 13 Statement of Your Current Monthly Income and Calculation of Commitment Period (Official Form 122C-1)    

After you fill out all of the forms, complete Summary of Your Assets and Liabilities and Certain Statistical Information (Official Form 106Sum) to report the totals of certain information that you listed in the forms.  

If you are filing an amended version of any of these forms at some time after you file your original forms, you must fill out a new Summary to ensure that your information is up to date and you must check the box at the top.

 

COMMITTEE NOTE

The schedules to be used in cases of individual debtors are revised as part of the Forms Modernization Project, making them easier to read and, as a result, likely to generate more complete and accurate responses. The goals of the Forms Modernization Project include improving the interface between technology and the forms so as to increase efficiency and reduce the need to produce the same information in multiple formats. Therefore, many of the open-ended questions and multiple-part instructions have been replaced with more specific questions. The individual debtor schedules are also renumbered, starting with the number 106 and followed by the letter or name of the schedule to distinguish them from the versions to be used in non-individual cases.

Official Form 106Sum, Summary of Your Assets and Liabilities and Certain Statistical Information, replaces Official Form 6, Summary of Schedules and Statistical Summary of Certain Liability and Related Data (28 U.S.C. § 159), in cases of individual debtors.

The form is reformatted and updated with crossreferences indicating the line numbers of specific schedules from which the summary information is to be gathered. In addition, because most filings are now done electronically, the form no longer requires the debtor to indicate which schedules are attached or to state the number of sheets of paper used for the schedules.


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Jurisdictional relevance: US

Legal Consumer - Neshoba County, MSLaw. The content of this article pertains to all US states and counties.