Mecklenburg North Carolina List of creditors holding 20 largest secured claims - Not needed for Chapter 7 or 13 - Form 4 - Post 2005

• Category: Bankruptcy - Creditors
• State: Multi-State
• County: Mecklenburg
• Control #: US-BKR-F4
• Format: Word; PDF; Rich Text

Description

This form is a list of creditors holding the 20 largest unsecured claims. The form lists the name of the creditor, the nature of the claim, and the amount of the claim. This form is data enabled to comply with CM/ECF electronic filing standards. This form is for post 2005 act cases. Mecklenburg County, located in the state of North Carolina, is known for its vibrant city of Charlotte and is one of the fastest-growing regions in the United States. As a prominent financial and business hub, it naturally attracts a diverse range of investors, creditors, and lenders. The Mecklenburg North Carolina List of Creditors Holding 20 Largest Secured Claims is significant for individuals or entities going through bankruptcy proceedings, specifically under Chapter 7 or 13, and is a vital documentation required on the Form 4, as per the post-2005 regulations. The purpose of this list is to outline the top 20 secured creditors who hold substantial claims against the debtor's assets. The term "secured creditor" refers to those who have a legal right to take possession of specific assets if the debtor fails to meet their financial obligations. While this list is not needed for Chapter 7 (liquidation) or Chapter 13 (reorganization), it holds significance in other bankruptcy chapters as it helps provide a comprehensive overview of substantial claims in the debtor's possession. These secured claims encompass a wide variety of creditors, including but not limited to: 1. Mortgage Lenders: Banks and lending institutions that have provided loans for real estate properties, securing their claims with the property itself. 2. Auto Financiers: Companies that have provided vehicle financing and have a lien on the vehicle as security for the debt. 3. Equipment Lessors: Businesses or individuals that lease out machinery, equipment, or other assets, with the lease agreement securing their claims. 4. Commercial and Business Creditors: These include suppliers, service providers, or other businesses that have extended credit to the debtor specifically for business purposes. 5. Financial Institutions: Entities such as banks and credit unions that have provided loans or lines of credit, securing their claims with collateral or personal guarantees. 6. Government Agencies: In certain cases, government entities may also appear on the list as creditors, typically involving outstanding tax liabilities or fines. 7. Other Secured Creditors: This category encompasses a broad range of additional creditors, including but not limited to mechanics lien holders, contractors with recorded liens, or individuals who have placed liens on specific assets. It is important to note that this list specifically focuses on the top 20 secured creditors. However, comprehensive bankruptcy schedules typically require the debtor to disclose all creditors, secured or unsecured, with detailed information about the claims. Navigating the bankruptcy process can be complex, and having accurate and precise documentation is crucial. The Mecklenburg North Carolina List of Creditors Holding 20 Largest Secured Claims serves as a valuable resource for both debtors and their respective bankruptcy attorneys, ensuring fair and transparent proceedings.

Mecklenburg County, located in the state of North Carolina, is known for its vibrant city of Charlotte and is one of the fastest-growing regions in the United States. As a prominent financial and business hub, it naturally attracts a diverse range of investors, creditors, and lenders. The Mecklenburg North Carolina List of Creditors Holding 20 Largest Secured Claims is significant for individuals or entities going through bankruptcy proceedings, specifically under Chapter 7 or 13, and is a vital documentation required on the Form 4, as per the post-2005 regulations. The purpose of this list is to outline the top 20 secured creditors who hold substantial claims against the debtor's assets. The term "secured creditor" refers to those who have a legal right to take possession of specific assets if the debtor fails to meet their financial obligations. While this list is not needed for Chapter 7 (liquidation) or Chapter 13 (reorganization), it holds significance in other bankruptcy chapters as it helps provide a comprehensive overview of substantial claims in the debtor's possession. These secured claims encompass a wide variety of creditors, including but not limited to: 1. Mortgage Lenders: Banks and lending institutions that have provided loans for real estate properties, securing their claims with the property itself. 2. Auto Financiers: Companies that have provided vehicle financing and have a lien on the vehicle as security for the debt. 3. Equipment Lessors: Businesses or individuals that lease out machinery, equipment, or other assets, with the lease agreement securing their claims. 4. Commercial and Business Creditors: These include suppliers, service providers, or other businesses that have extended credit to the debtor specifically for business purposes. 5. Financial Institutions: Entities such as banks and credit unions that have provided loans or lines of credit, securing their claims with collateral or personal guarantees. 6. Government Agencies: In certain cases, government entities may also appear on the list as creditors, typically involving outstanding tax liabilities or fines. 7. Other Secured Creditors: This category encompasses a broad range of additional creditors, including but not limited to mechanics lien holders, contractors with recorded liens, or individuals who have placed liens on specific assets. It is important to note that this list specifically focuses on the top 20 secured creditors. However, comprehensive bankruptcy schedules typically require the debtor to disclose all creditors, secured or unsecured, with detailed information about the claims. Navigating the bankruptcy process can be complex, and having accurate and precise documentation is crucial. The Mecklenburg North Carolina List of Creditors Holding 20 Largest Secured Claims serves as a valuable resource for both debtors and their respective bankruptcy attorneys, ensuring fair and transparent proceedings.