Consumer Bankruptcy Journal Fall 2015 - Page 84

Form Modernization Overview Official Form106D Overview: Official Form 106D, Schedule D: Creditors Who Have Claims Secured by Property, replaces Official Form 6D, Creditors Holding Secured Claims, in cases of individual debtors. New Form Elements: Part 1, List All Secured Claims, now directs the debtor to list only the last four digits of the account number. Part 1 also adds four checkboxes with which to describe the nature of the lien. Changed Locations: The form adds Part 2, List Others to Be Notified for a Debt That You Already Listed. The debtor is instructed to use Part 2 if there is a need to notify someone about the bankruptcy filing other than the creditor for a debt listed in Part 1. For example, if a collection agency is trying to collect for a creditor listed in Part 1, the collection agency would be listed in Part 2. NEW - Modernized Form Caption NEW – Amended checkbox REVISED - Official Form 106D, Schedule D: Creditors Who Have Claims Secured by Property, replaces Official Form 6D, Creditors Holding Secured Claims, in cases of individual debtors REVISED – The language in the debt ownership section has been revised NEW – Nature of lien checkboxes have been added NEW – Column to reflect the value of collateral that supports the secured claim © 2015 CINgroup. All Rights Reserved | CINgroup.com