Chapter 11 Statement of Your Current Monthly Income

State:
Multi-State
Control #:
US-B-122B
Format:
PDF
Instant download
This website is not affiliated with any governmental entity
Public form

Description

Chapter 11 Statement of Your Current Monthly Income
Chapter 11 Statement of Your Current Monthly Income is a document that is filed with the bankruptcy court as part of a Chapter 11 bankruptcy filing. It is a statement of a debtor's current monthly income from all sources, including wages, salary, commissions, unemployment benefits, Social Security benefits, pensions, rental income, alimony, child support, and other sources. The Chapter 11 Statement of Your Current Monthly Income must be filed within 15 days of the filing of the bankruptcy petition. There are two types of Chapter 11 Statement of Your Current Monthly Income: the Form B22A and the Form B22C. The Form B22A is for individuals filing a Chapter 11 bankruptcy, and the Form B22C is for small businesses filing a Chapter 11 bankruptcy. Both forms require detailed information about the debtor's income, including the source of the income and the amount received. The information must be accurate and complete, or the debtor may face criminal penalties.

Chapter 11 Statement of Your Current Monthly Income is a document that is filed with the bankruptcy court as part of a Chapter 11 bankruptcy filing. It is a statement of a debtor's current monthly income from all sources, including wages, salary, commissions, unemployment benefits, Social Security benefits, pensions, rental income, alimony, child support, and other sources. The Chapter 11 Statement of Your Current Monthly Income must be filed within 15 days of the filing of the bankruptcy petition. There are two types of Chapter 11 Statement of Your Current Monthly Income: the Form B22A and the Form B22C. The Form B22A is for individuals filing a Chapter 11 bankruptcy, and the Form B22C is for small businesses filing a Chapter 11 bankruptcy. Both forms require detailed information about the debtor's income, including the source of the income and the amount received. The information must be accurate and complete, or the debtor may face criminal penalties.

How to fill out Chapter 11 Statement Of Your Current Monthly Income?

If you’re looking for a way to appropriately prepare the Chapter 11 Statement of Your Current Monthly Income without hiring a legal professional, then you’re just in the right spot. US Legal Forms has proven itself as the most extensive and reputable library of official templates for every personal and business situation. Every piece of paperwork you find on our web service is created in accordance with federal and state laws, so you can be certain that your documents are in order.

Follow these simple guidelines on how to get the ready-to-use Chapter 11 Statement of Your Current Monthly Income:

  1. Make sure the document you see on the page meets your legal situation and state laws by checking its text description or looking through the Preview mode.
  2. Enter the form title in the Search tab on the top of the page and select your state from the dropdown to find an alternative template if there are any inconsistencies.
  3. Repeat with the content verification and click Buy now when you are confident with the paperwork compliance with all the demands.
  4. ​Log in to your account and click Download. Create an account with the service and choose the subscription plan if you still don’t have one.
  5. Use your credit card or the PayPal option to purchase your US Legal Forms subscription. The blank will be available to download right after.
  6. Decide in what format you want to get your Chapter 11 Statement of Your Current Monthly Income and download it by clicking the appropriate button.
  7. Add your template to an online editor to fill out and sign it quickly or print it out to prepare your paper copy manually.

Another great thing about US Legal Forms is that you never lose the paperwork you acquired - you can pick any of your downloaded templates in the My Forms tab of your profile whenever you need it.

Form popularity

FAQ

A case filed under chapter 11 of the United States Bankruptcy Code is frequently referred to as a "reorganization" bankruptcy. Usually, the debtor remains ?in possession,? has the powers and duties of a trustee, may continue to operate its business, and may, with court approval, borrow new money.

This chapter of the Bankruptcy Code generally provides for reorganization, usually involving a corporation or partnership. A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. People in business or individuals can also seek relief in chapter 11.

Providing Supporting Documentation A Proof of Claim must include any pertinent documentation, such as promissory notes, purchase orders, contracts, invoices, delivery receipts or security agreements. Other documentation might include monthly statements, pay records and ledgers.

A written statement filed in a bankruptcy case setting forth a creditor's claim is called a proof of claim. A proof of claim should include a copy of any documentation giving rise to the claim as well as any evidence in support of the claim, such as evidence of secured status if the claim is secured.

Proof of Claim means a proof of Claim Filed against any of the Debtors in the Chapter 11 Cases. Proof of Interest means a proof of Interest Filed against any of the Debtors in the Chapter 11 Cases.

What Is a Proof of Claim? A proof of claim is an essential element in the bankruptcy process. It documents your right as a creditor to repayment from the debtor. A debtor's chapter 11 bankruptcy filing may significantly impact a creditor and can jeopardize its ability to handle its own financial responsibilities.

Most Chapter 11 debtors receive a moratorium on the payment of most of their general unsecured debts for the period between the filing of the case and the confirmation of a plan. This period usually lasts for six to twelve months.

Some of the monthly expenses that are listed on your Schedule J include your rent or mortgage payments, upkeep expenses on your home, utilities, food, gas, telephone, water, car maintenance, childcare, clothing, laundry, and vehicle maintenance.

More info

You must file this form if you are an individual and are filing for bankruptcy under Chapter 11. Some of the information needed to complete these forms, such as a debtor's current monthly income, comes from the debtor's own personal records.Discussion Points for Question 2. ▫Chapter 11 Statement of Your Current Monthly. Understand the differences between Chapter 11 and Chapter 13 bankruptcy, as well as the income and debt level requirements for both. In a Chapter 7 bankruptcy, the assets of a business are liquidated to pay its creditors, with secured debts taking precedence over unsecured debts. Chapter 7: Form 22A-2, Means Test Calculation. Chapter 11: Form 22B, Statement of Your Current. 11 U.S.C.S. § 704(a)(2); see also Bankruptcy Rule 2015. To file Chapter 7 bankruptcy, your income must be low and you cannot have too much property.

Trusted and secure by over 3 million people of the world’s leading companies

Chapter 11 Statement of Your Current Monthly Income