Consumer Bankruptcy Journal Fall 2015 - Page 71

Form Modernization Overview Official Form 106A/B Overview: Official Form 106A/B, Schedule A/B: Property replaces Official Form 6A, Real Property and Official Form 6b, Personal Property in cases of individual debtors. New Form Elements: Part 7, Describe All Property You Own or Have an interest in That You Did Not List Above, is a catch-all provision that allows the debtor to report property that is difficult to categorize. Part 8, List the Totals of Each Part of this Form, tabulates the total value of the debtor’s interest in the listed property. The tabulation includes two subtotals, one for real estate, which corresponds to the real property total that was reported on former Official Form 6A. The second subtotal is of Parts 2-7, which corresponds to the personal property total that was reported on former Official Form 6B. Part 7 is a catch-all provision that allows the debtor to report property that does not fit into the other listed categories. It corresponds to line 35 of former Schedule B. This tabulation section includes two subtotals: one for real estate, which corresponds to the real property total that was reported on former Official Form 6A, and a second for personal property, which corresponds to the personal property total that was reported on former Official Form 6B. © 2015 CINgroup. All Rights Reserved | CINgroup.com