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Exhibit 3 DEBTORINPOSSESSION STATEMENT OF DEPOSITORY AND AUTHORIZATION FOR RELEASE OF INFORMATION (DO NOT FILE THIS DOCUMENT WITH THE COURT) RE: Case Name: d/b/a: Case Number: This will confirm that

How to fill out debtor-in-possession statement of depository

How to Fill Out Debtor-in-Possession Statement of Depository and Who Needs It:

Provide accurate identification information:

1. Fill in the debtor's name, address, and contact information.
2. Include the case number assigned by the court.

State the depository and account details:

1. Specify the name and address of the depository holding the account.
2. Provide the account number and type of account (e.g., checking, savings, etc.).

Clarify the nature of the account:

1. Indicate whether the account is solely owned by the debtor or held jointly with others.
2. If it's a joint account, mention the names of the other account holders.

Disclose any security interests or liens:

1. If there are any secured creditors or liens on the account, clearly state their names and the amounts secured.
2. Include details about the collateral securing the loan or lien.

Verify the balance and transactions:

1. Report the current balance of the account as of the date the statement is prepared.
2. Provide a summary of recent transactions or activity in the account, if applicable.

Explain any restrictions or limitations:

1. If there are any limitations on the use or access to the account, explain them clearly.
2. For example, if the account requires joint signatures for withdrawals, note it in the statement.

Sign and date the statement:

The debtor or an authorized representative should sign and date the document to certify its accuracy.

Who needs the Debtor-in-Possession Statement of Depository:

1. Debtors who have filed for bankruptcy under Chapter 11 are typically required to submit this statement.
2. It is an essential document for the bankruptcy court, as it provides a comprehensive overview of the debtor's financial accounts and transactions.
3. Creditors, the court-appointed trustee, and other relevant parties may also reference this statement to gain insight into the debtor's financial situation.

Note: It is important to consult an attorney or legal expert familiar with bankruptcy procedures for specific guidance on filling out the Debtor-in-Possession Statement of Depository for your particular case.

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What is debtor-in-possession statement of depository?

Debtor-in-possession statement of depository is a document filed in bankruptcy cases that details the financial condition and activities of the debtor.

Who is required to file debtor-in-possession statement of depository?

The debtor-in-possession, who is the current debtor in a bankruptcy case, is required to file the statement of depository.

How to fill out debtor-in-possession statement of depository?

To fill out the debtor-in-possession statement of depository, the debtor must provide detailed financial information and activities as required by the court.

What is the purpose of debtor-in-possession statement of depository?

The purpose of the debtor-in-possession statement of depository is to provide transparency and accountability of the debtor's financial situation during the bankruptcy proceedings.

What information must be reported on debtor-in-possession statement of depository?

The debtor must report detailed financial information such as assets, liabilities, income, expenses, and any transactions during the bankruptcy process.