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This document provides a detailed account of the financial affairs and status of FM Coal, LLC and its affiliates in bankruptcy proceedings, including debts, assets, and legal actions.

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What is statement of financial affairs?

A statement of financial affairs is a legal document that provides a detailed overview of an individual's or business's financial status. It typically includes assets, liabilities, income, expenses, and other financial details relevant to bankruptcy or other legal proceedings.

Who is required to file statement of financial affairs?

Individuals or entities filing for bankruptcy, including Chapter 7, Chapter 11, or Chapter 13 bankruptcy, are required to file a statement of financial affairs. This applies to both personal and business bankruptcy filings.

How to fill out statement of financial affairs?

To fill out the statement of financial affairs, individuals or business owners must gather accurate information about their financial situation, including income, expenses, debts, assets, and any other relevant information. The form must be completed carefully, ensuring all sections are filled out truthfully and accurately before submission.

What is the purpose of statement of financial affairs?

The purpose of the statement of financial affairs is to provide the bankruptcy court and creditors with a clear and comprehensive picture of an individual's or business's financial condition so that they can make informed decisions regarding the bankruptcy process.

What information must be reported on statement of financial affairs?

Information that must be reported includes a list of assets, liabilities, monthly income, monthly expenses, sources of income, and any financial transactions during a specified period before the bankruptcy filing. Other details like prior bankruptcy filings may also need to be disclosed.

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