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Get the free B6 Summary (Official Form 6 - Summary)

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This document provides a summary of the debtor's schedules in a bankruptcy case, including assets, liabilities, and related financial data.
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How to fill out B6 Summary (Official Form 6 - Summary)

01
Begin by entering your name at the top of the form.
02
Provide your mailing address and contact information.
03
List all income sources, including employment, self-employment, and any other income.
04
State your monthly expenses, categorizing them into fixed and variable expenses.
05
Detail any debts you owe, specifying the creditor and the amount.
06
Include any assets you possess, such as bank accounts, real estate, and personal property.
07
Review the form for completeness and accuracy before submission.
08
Sign and date the form at the bottom.

Who needs B6 Summary (Official Form 6 - Summary)?

01
Individuals seeking bankruptcy protection who need to disclose their financial situation to the court.
02
Debtors required to provide a summary of their financial information as part of their bankruptcy filing process.
03
Those who must inform creditors and the court of their liabilities and obligations.
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In addition to obtaining your credit report, you will need the following documents: Tax returns for the past four years. Paystubs or other proof of income for the last six months before filing. Bank account statements from the past 3–6 months.
Excessive income (for Chapter 13) Chapter 13 bankruptcy requires debtors to have a regular income and adhere to repayment plans. However, if your income is too high relative to your debts, the court may determine that you're not eligible to restructure your debts under this chapter.
There is no minimum amount of debt required to file for either Chapter 7 or Chapter 13 bankruptcy. However, many bankruptcy attorneys advise against filing for bankruptcy if you have less than $10,000 in dischargeable debt because the legal fees and filing costs could outweigh any potential benefits of filing.
In addition to obtaining your credit report, you will need the following documents: Tax returns for the past four years. Paystubs or other proof of income for the last six months before filing. Bank account statements from the past 3–6 months. Recent mortgage statement(s) and real estate tax bills (if applicable)

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B6 Summary (Official Form 6 - Summary) is a document used in bankruptcy proceedings that provides a concise overview of the debtor's financial status, including total debts and assets.
Individuals filing for bankruptcy under Chapter 7 or Chapter 13 are required to file the B6 Summary as part of their bankruptcy petition.
To fill out B6 Summary, the debtor must list total debts, including secured and unsecured debts, and provide a total summary of their assets in a clear and concise manner.
The purpose of the B6 Summary is to give the court a quick reference to the debtor's financial situation, facilitating the bankruptcy process by summarizing important financial data.
B6 Summary must report the total amount of unsecured debts, secured debts, property values, and a summary of all classes of claims against the debtor.
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