New York Chapter 7 Closing Report (5009-1)

• Category: New York Bankruptcy - Official - Southern District
• State: New York
• Control #: NY-BKR-330S
• Format: Word

Description

Chapter 7 Closing Report (5009-1) New York Chapter 7 Closing Report (5009-1) is a document filed with the United States Bankruptcy Court which provides information about the debtor's assets, liabilities, and financial status at the conclusion of a Chapter 7 bankruptcy case. It also provides an accounting of the administration of the bankruptcy case, including the administration of the assets, and the payment of creditors. The report must be filed by the Chapter 7 Trustee within 90 days of the conclusion of the bankruptcy case. There are two types of New York Chapter 7 Closing Report (5009-1): 1. Final Report: This is the official closing report that is submitted to the court at the end of the bankruptcy case. The report includes a detailed accounting of all assets and liabilities, a summary of the Trustee’s administration of the case, and the disposition of all funds. 2. Supplemental Report: This report is filed when additional information is required after the Final Report has been submitted. It may be necessary to update the Final Report if there are changes in the debtor’s financial status after the bankruptcy case is closed. The Supplemental Report must be filed within one year of the conclusion of the bankruptcy case.

New York Chapter 7 Closing Report (5009-1) is a document filed with the United States Bankruptcy Court which provides information about the debtor's assets, liabilities, and financial status at the conclusion of a Chapter 7 bankruptcy case. It also provides an accounting of the administration of the bankruptcy case, including the administration of the assets, and the payment of creditors. The report must be filed by the Chapter 7 Trustee within 90 days of the conclusion of the bankruptcy case. There are two types of New York Chapter 7 Closing Report (5009-1): 1. Final Report: This is the official closing report that is submitted to the court at the end of the bankruptcy case. The report includes a detailed accounting of all assets and liabilities, a summary of the Trustee’s administration of the case, and the disposition of all funds. 2. Supplemental Report: This report is filed when additional information is required after the Final Report has been submitted. It may be necessary to update the Final Report if there are changes in the debtor’s financial status after the bankruptcy case is closed. The Supplemental Report must be filed within one year of the conclusion of the bankruptcy case.