North Carolina Executory Contracts and Unexpired Leases - Schedule G - Form 6G - Post 2005

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Description

This form is Schedule G. The form lists executory contracts and unexpired leases. The form also contains the following information: the description of the contract, the name and mailing address of other parties having an interest in the lease or contract. This form is data enabled to comply with CM/ECF electronic filing standards. This form is for post 2005 act cases.


How to fill out Executory Contracts And Unexpired Leases - Schedule G - Form 6G - Post 2005?

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FAQ

What are ?executory contracts? and ?unexpired leases?? An executory contract is a contract where both parties still have important things to do. An equipment lease is an executory contract. An unexpired lease is a lease that is ongoing like a car or truck lease or an apartment lease.

Executory refers to something (generally a contract) that has not yet been fully performed or completed and is therefore considered imperfect or unassured until its full execution. Anything executory is started and not yet finished, or is in the process of being completed in order to take full effect at a future time.

A lease to which the debtor is a party and whose term has not expired. A debtor may assume, or assume and assign, only those leases that are unexpired.

An executory contract is one where the debtor is a party but neither party has fulfilled its obligations under the contract. An unexpired lease is a common example of an executory contract ? the lessor has not given its leasehold for the full term of the lease yet, nor has the debtor paid for the full term.

(a) An executed contract is one in which all the parties thereto have performed all the obligations which they have originally assumed. (b) An executory contract is one in which something remains to be done by one or more parties.

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North Carolina Executory Contracts and Unexpired Leases - Schedule G - Form 6G - Post 2005