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INHERITANCE TAX RETURN NONRESIDENT DECEDENTREV17377 (EX) 0918 STARTSCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & INTESTATE PART I Include mortgage liabilities, liens and taxes against Pennsylvania
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How to fill out schedule i - debts
How to fill out schedule i - debts
01
Gather all necessary financial documents, including loan statements, credit card bills, and any other debts you have.
02
Start by listing your debts in the first column of the schedule i form, including the name of the creditor, the type of debt, and the total amount owed.
03
Fill in the second column with the monthly payment amount for each debt.
04
Calculate the annual percentage rate (APR) for each debt and enter it in the third column.
05
Sum up the total of all debts in the fourth column.
06
Determine your current monthly income and enter it in the fifth column.
07
Subtract your monthly expenses from your monthly income and enter the difference in the sixth column.
08
If the difference is negative, you may qualify for a Chapter 7 bankruptcy.
09
If the difference is positive, you may need to consider a Chapter 13 bankruptcy.
10
Make sure to review and double-check all the information before submitting the schedule i - debts form.
Who needs schedule i - debts?
01
Anyone who is filing for bankruptcy, specifically Chapter 7 or Chapter 13, needs to fill out schedule i - debts.
02
This form helps the bankruptcy court assess your financial situation and determine whether you qualify for certain types of bankruptcy relief.
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What is schedule i - debts?
Schedule I - Debts is a form that must be filled out by individuals filing for bankruptcy to list all debts owed.
Who is required to file schedule i - debts?
Individuals filing for bankruptcy are required to file Schedule I - Debts to list all debts owed.
How to fill out schedule i - debts?
To fill out Schedule I - Debts, individuals need to list all creditors, the amount owed to each creditor, the nature of the debt, and whether the debt is disputed or contingent.
What is the purpose of schedule i - debts?
The purpose of Schedule I - Debts is to provide the bankruptcy court and creditors with a comprehensive list of all debts owed by the individual filing for bankruptcy.
What information must be reported on schedule i - debts?
On Schedule I - Debts, individuals must report all creditors, the amount owed to each creditor, the nature of the debt, and whether the debt is disputed or contingent.
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