Official Form 206 Series - Comprehensive Schedules Worksheet for Non-Individual Debtors

Official Form 206 Series - Comprehensive Schedules Worksheet for Non-Individual Debtors

PREPARATION WORKSHEET ONLY - NOT FOR FILING

This worksheet assists in preparing Official Bankruptcy Forms 206A/B, 206D, 206E/F, 206G, 206H, and 206Sum for corporations, partnerships, limited liability companies, and other non-individual debtors. All information must be transferred to Official Forms or court-approved e-filing software before submission.

Case Information

United States Bankruptcy Court
District of [________________________________]

In re:
Debtor Name: [________________________________]
Tax ID/EIN: [________________________________]
Case Number: [________________________________] (if assigned)
Chapter: ☐ 7 ☐ 11 ☐ Subchapter V

Entity Type:
☐ Corporation (C-Corp)
☐ Corporation (S-Corp)
☐ Limited Liability Company (LLC)
☐ Partnership (General)
☐ Partnership (Limited)
☐ Limited Liability Partnership (LLP)
☐ Other: [________________________________]

State of Formation: [________________________________]
Date of Formation: [__/__/____]
Principal Place of Business: [________________________________]

Filing Status:
☐ Original Filing
☐ Amended Filing (indicate schedules amended): [________________________________]

Part I: Schedule A/B - Property of the Non-Individual Debtor

Official Form 206A/B requires disclosure of ALL property in which the debtor has any legal, equitable, or possessory interest as of the petition date, regardless of whether the debtor believes the property has value or is subject to liens.

Valuation Standards Guidance

CRITICAL: Select the appropriate valuation standard based on case type and property use:

Valuation Authority: 11 U.S.C. § 506(a) provides that value "shall be determined in light of the purpose of the valuation and of the proposed disposition or use of such property."

Category 1: Real Property

List all real property interests including owned property, leasehold interests, options, and contracts for deed.

Subtotal Real Property: $[________________]

Category 2: Vehicles, Watercraft, and Aircraft

Include all titled vehicles, rolling stock, trailers, and transportation equipment.

Subtotal Vehicles/Transportation: $[________________]

Category 3: Machinery, Equipment, and Fixtures

Include manufacturing equipment, office equipment, computers, furniture, fixtures, and trade equipment.

Subtotal Machinery/Equipment: $[________________]

Category 4: Inventory

List all inventory by type. Provide aging analysis if applicable.

Inventory Valuation Method: ☐ FIFO ☐ LIFO ☐ Weighted Average ☐ Specific Identification ☐ Lower of Cost or Market

Subtotal Inventory: $[________________]

Category 5: Accounts Receivable

Provide aging analysis. Consider collectability when determining current value.

Top 20 Accounts Receivable (if material):

Subtotal Accounts Receivable (Net): $[________________]

Category 6: Cash and Cash Equivalents

Subtotal Cash and Cash Equivalents: $[________________]

Category 7: Deposits and Prepaid Expenses

Subtotal Deposits/Prepaid: $[________________]

Category 8: Financial Assets and Investments

Subtotal Financial Assets: $[________________]

Category 9: Intellectual Property and Intangible Assets

Subtotal Intellectual Property/Intangibles: $[________________]

Category 10: Insurance Interests

Subtotal Insurance Interests: $[________________]

Category 11: Causes of Action and Claims

List all pending or potential lawsuits, claims, or rights to payment.

Include potential claims for:
☐ Breach of contract
☐ Fraud/misrepresentation
☐ Preference actions (post-petition)
☐ Fraudulent transfer actions (post-petition)
☐ Patent/trademark infringement
☐ Negligence/tort claims
☐ Other: [________________________________]

Subtotal Causes of Action: $[________________]

Category 12: Other Assets

Subtotal Other Assets: $[________________]

Schedule A/B Summary

Part II: Schedule D - Creditors Holding Secured Claims

Official Form 206D requires listing all creditors holding claims secured by property of the debtor as of the petition date.

Secured Claims Analysis

Per 11 U.S.C. § 506(a): A claim is secured only to the extent of the value of the creditor's interest in the estate's interest in the collateral. Any amount exceeding collateral value is an unsecured claim.

Secured Creditor Listing

Creditor 1:
| Field | Information |
|-------|-------------|
| Creditor Name | [________________________________] |
| Creditor Address | [________________________________] |
| Account Number (Last 4) | [____] |
| Date Debt Incurred | [__/__/____] |
| Nature of Lien | ☐ Consensual ☐ Statutory ☐ Judicial |
| Type of Security | ☐ Mortgage ☐ Deed of Trust ☐ UCC Security Interest ☐ Judgment Lien ☐ Tax Lien ☐ Mechanic's Lien ☐ Other: [________] |
| Collateral Description | [________________________________] |
| Collateral Value | $[________________] |
| Total Claim Amount | $[________________] |
| Secured Portion | $[________________] |
| Unsecured Deficiency | $[________________] |
| Interest Rate | [____]% |
| Arrearage Amount | $[________________] |
| Claim Status | ☐ Disputed ☐ Contingent ☐ Unliquidated |

Creditor 2:
| Field | Information |
|-------|-------------|
| Creditor Name | [________________________________] |
| Creditor Address | [________________________________] |
| Account Number (Last 4) | [____] |
| Date Debt Incurred | [__/__/____] |
| Nature of Lien | ☐ Consensual ☐ Statutory ☐ Judicial |
| Type of Security | ☐ Mortgage ☐ Deed of Trust ☐ UCC Security Interest ☐ Judgment Lien ☐ Tax Lien ☐ Mechanic's Lien ☐ Other: [________] |
| Collateral Description | [________________________________] |
| Collateral Value | $[________________] |
| Total Claim Amount | $[________________] |
| Secured Portion | $[________________] |
| Unsecured Deficiency | $[________________] |
| Interest Rate | [____]% |
| Arrearage Amount | $[________________] |
| Claim Status | ☐ Disputed ☐ Contingent ☐ Unliquidated |

Creditor 3:
| Field | Information |
|-------|-------------|
| Creditor Name | [________________________________] |
| Creditor Address | [________________________________] |
| Account Number (Last 4) | [____] |
| Date Debt Incurred | [__/__/____] |
| Nature of Lien | ☐ Consensual ☐ Statutory ☐ Judicial |
| Type of Security | ☐ Mortgage ☐ Deed of Trust ☐ UCC Security Interest ☐ Judgment Lien ☐ Tax Lien ☐ Mechanic's Lien ☐ Other: [________] |
| Collateral Description | [________________________________] |
| Collateral Value | $[________________] |
| Total Claim Amount | $[________________] |
| Secured Portion | $[________________] |
| Unsecured Deficiency | $[________________] |
| Interest Rate | [____]% |
| Arrearage Amount | $[________________] |
| Claim Status | ☐ Disputed ☐ Contingent ☐ Unliquidated |

(Continue on additional pages as needed)

Schedule D Summary

Part III: Schedule E/F - Creditors Holding Unsecured Claims

Official Form 206E/F requires listing all unsecured creditors, divided into priority claims (Part 1) and non-priority claims (Part 2).

Part 1: Unsecured Priority Claims

Priority Claim Categories Under 11 U.S.C. § 507(a):

Priority Creditor Listing

Priority Creditor 1:
| Field | Information |
|-------|-------------|
| Creditor Name | [________________________________] |
| Creditor Address | [________________________________] |
| Priority Category | ☐ 507(a)(4) Wages ☐ 507(a)(5) Benefits ☐ 507(a)(8) Taxes ☐ Other: [________] |
| Statutory Basis | [________________________________] |
| Date Incurred | [__/__/____] |
| Total Claim Amount | $[________________] |
| Priority Portion | $[________________] |
| Non-Priority Portion | $[________________] |
| Claim Status | ☐ Disputed ☐ Contingent ☐ Unliquidated |

Priority Creditor 2:
| Field | Information |
|-------|-------------|
| Creditor Name | [________________________________] |
| Creditor Address | [________________________________] |
| Priority Category | ☐ 507(a)(4) Wages ☐ 507(a)(5) Benefits ☐ 507(a)(8) Taxes ☐ Other: [________] |
| Statutory Basis | [________________________________] |
| Date Incurred | [__/__/____] |
| Total Claim Amount | $[________________] |
| Priority Portion | $[________________] |
| Non-Priority Portion | $[________________] |
| Claim Status | ☐ Disputed ☐ Contingent ☐ Unliquidated |

Priority Creditor 3:
| Field | Information |
|-------|-------------|
| Creditor Name | [________________________________] |
| Creditor Address | [________________________________] |
| Priority Category | ☐ 507(a)(4) Wages ☐ 507(a)(5) Benefits ☐ 507(a)(8) Taxes ☐ Other: [________] |
| Statutory Basis | [________________________________] |
| Date Incurred | [__/__/____] |
| Total Claim Amount | $[________________] |
| Priority Portion | $[________________] |
| Non-Priority Portion | $[________________] |
| Claim Status | ☐ Disputed ☐ Contingent ☐ Unliquidated |

(Continue on additional pages as needed)

Tax Claims Detail (11 U.S.C. § 507(a)(8))

Priority Tax Rules: Income taxes are generally priority if: (1) due within 3 years before petition; (2) assessed within 240 days before petition; or (3) return filed within 2 years before petition.

Part 1 Summary - Priority Claims

Part 2: Unsecured Non-Priority Claims

Non-Priority Creditor 1:
| Field | Information |
|-------|-------------|
| Creditor Name | [________________________________] |
| Creditor Address | [________________________________] |
| Account Number (Last 4) | [____] |
| Nature of Debt | ☐ Trade Debt ☐ Credit Line ☐ Loan ☐ Judgment ☐ Contract ☐ Other: [________] |
| Date Incurred | [__/__/____] |
| Consideration/Basis | [________________________________] |
| Amount of Claim | $[________________] |
| Claim Status | ☐ Disputed ☐ Contingent ☐ Unliquidated |

Non-Priority Creditor 2:
| Field | Information |
|-------|-------------|
| Creditor Name | [________________________________] |
| Creditor Address | [________________________________] |
| Account Number (Last 4) | [____] |
| Nature of Debt | ☐ Trade Debt ☐ Credit Line ☐ Loan ☐ Judgment ☐ Contract ☐ Other: [________] |
| Date Incurred | [__/__/____] |
| Consideration/Basis | [________________________________] |
| Amount of Claim | $[________________] |
| Claim Status | ☐ Disputed ☐ Contingent ☐ Unliquidated |

Non-Priority Creditor 3:
| Field | Information |
|-------|-------------|
| Creditor Name | [________________________________] |
| Creditor Address | [________________________________] |
| Account Number (Last 4) | [____] |
| Nature of Debt | ☐ Trade Debt ☐ Credit Line ☐ Loan ☐ Judgment ☐ Contract ☐ Other: [________] |
| Date Incurred | [__/__/____] |
| Consideration/Basis | [________________________________] |
| Amount of Claim | $[________________] |
| Claim Status | ☐ Disputed ☐ Contingent ☐ Unliquidated |

(Continue on additional pages as needed)

Part 2 Summary - Non-Priority Claims

Schedule E/F Combined Summary

Part IV: Schedule G - Executory Contracts and Unexpired Leases

Official Form 206G requires listing all executory contracts and unexpired leases to which the debtor is a party. Per 11 U.S.C. § 365, the trustee or debtor-in-possession may assume or reject these agreements.

Key 11 U.S.C. § 365 Deadlines

Assumption Requirements

To assume an executory contract or unexpired lease, the debtor must:

☐ Cure all defaults (or provide adequate assurance of prompt cure)
☐ Compensate the non-debtor party for actual pecuniary loss from default
☐ Provide adequate assurance of future performance

Real Property Leases

Lease 1:
| Field | Information |
|-------|-------------|
| Counterparty Name | [________________________________] |
| Counterparty Address | [________________________________] |
| Property Address | [________________________________] |
| Lease Commencement Date | [__/__/____] |
| Lease Expiration Date | [__/__/____] |
| Monthly Rent | $[________________] |
| Security Deposit Held | $[________________] |
| Current Arrearages | $[________________] |
| Debtor's Role | ☐ Lessee/Tenant ☐ Lessor/Landlord |
| Proposed Treatment | ☐ Assume ☐ Reject ☐ Assume and Assign ☐ Undetermined |
| Business Necessity | ☐ Critical ☐ Important ☐ Non-Essential |

Lease 2:
| Field | Information |
|-------|-------------|
| Counterparty Name | [________________________________] |
| Counterparty Address | [________________________________] |
| Property Address | [________________________________] |
| Lease Commencement Date | [__/__/____] |
| Lease Expiration Date | [__/__/____] |
| Monthly Rent | $[________________] |
| Security Deposit Held | $[________________] |
| Current Arrearages | $[________________] |
| Debtor's Role | ☐ Lessee/Tenant ☐ Lessor/Landlord |
| Proposed Treatment | ☐ Assume ☐ Reject ☐ Assume and Assign ☐ Undetermined |
| Business Necessity | ☐ Critical ☐ Important ☐ Non-Essential |

Equipment Leases

Equipment Lease 1:
| Field | Information |
|-------|-------------|
| Counterparty Name | [________________________________] |
| Counterparty Address | [________________________________] |
| Equipment Description | [________________________________] |
| Lease Type | ☐ True Lease ☐ Capital Lease ☐ Lease-to-Own |
| Lease Commencement Date | [__/__/____] |
| Lease Expiration Date | [__/__/____] |
| Monthly Payment | $[________________] |
| Current Arrearages | $[________________] |
| Proposed Treatment | ☐ Assume ☐ Reject ☐ Assume and Assign ☐ Undetermined |

Service Contracts

Service Contract 1:
| Field | Information |
|-------|-------------|
| Counterparty Name | [________________________________] |
| Counterparty Address | [________________________________] |
| Nature of Contract | [________________________________] |
| Contract Date | [__/__/____] |
| Expiration/Term | [________________________________] |
| Payment Terms | [________________________________] |
| Current Arrearages | $[________________] |
| Debtor's Role | ☐ Service Provider ☐ Service Recipient |
| Proposed Treatment | ☐ Assume ☐ Reject ☐ Assume and Assign ☐ Undetermined |

License Agreements

License Agreement 1:
| Field | Information |
|-------|-------------|
| Counterparty Name | [________________________________] |
| Counterparty Address | [________________________________] |
| Licensed Property | [________________________________] |
| License Type | ☐ Software ☐ Patent ☐ Trademark ☐ Copyright ☐ Other: [________] |
| License Date | [__/__/____] |
| Expiration/Term | [________________________________] |
| Royalty/Payment Terms | [________________________________] |
| Current Arrearages | $[________________] |
| Debtor's Role | ☐ Licensor ☐ Licensee |
| Proposed Treatment | ☐ Assume ☐ Reject ☐ Assume and Assign ☐ Undetermined |

Note: Per 11 U.S.C. § 365(n), licensees of intellectual property have special protections if the debtor/licensor rejects the license agreement.

Other Executory Contracts

Contract 1:
| Field | Information |
|-------|-------------|
| Counterparty Name | [________________________________] |
| Counterparty Address | [________________________________] |
| Contract Type | ☐ Employment ☐ Distribution ☐ Supply ☐ Franchise ☐ Joint Venture ☐ Other: [________] |
| Contract Date | [__/__/____] |
| Term/Expiration | [________________________________] |
| Material Terms | [________________________________] |
| Current Arrearages | $[________________] |
| Proposed Treatment | ☐ Assume ☐ Reject ☐ Assume and Assign ☐ Undetermined |

(Continue on additional pages as needed)

Schedule G Summary

Part V: Schedule H - Codebtors

Official Form 206H requires listing all entities (individuals or businesses) that are also liable on any debt listed in Schedules D, E/F, or G.

Codebtor Analysis

Types of Codebtors:
- Guarantors (personal or corporate)
- Co-signers
- Joint obligors
- Partners (for partnership debts)
- Members with personal guarantees (for LLC debts)
- Parent companies with guarantees
- Affiliated entities

Codebtor Listing

Codebtor 1:
| Field | Information |
|-------|-------------|
| Codebtor Name | [________________________________] |
| Codebtor Address | [________________________________] |
| Codebtor Type | ☐ Individual ☐ Corporation ☐ LLC ☐ Partnership ☐ Other: [________] |
| Relationship to Debtor | ☐ Officer ☐ Director ☐ Shareholder ☐ Member ☐ Partner ☐ Affiliate ☐ Other: [________] |
| Creditor Name | [________________________________] |
| Nature of Liability | ☐ Guarantor ☐ Co-Signer ☐ Joint Obligor ☐ Other: [________] |
| Schedule Reference | ☐ D ☐ E/F ☐ G |
| Amount of Obligation | $[________________] |

Codebtor 2:
| Field | Information |
|-------|-------------|
| Codebtor Name | [________________________________] |
| Codebtor Address | [________________________________] |
| Codebtor Type | ☐ Individual ☐ Corporation ☐ LLC ☐ Partnership ☐ Other: [________] |
| Relationship to Debtor | ☐ Officer ☐ Director ☐ Shareholder ☐ Member ☐ Partner ☐ Affiliate ☐ Other: [________] |
| Creditor Name | [________________________________] |
| Nature of Liability | ☐ Guarantor ☐ Co-Signer ☐ Joint Obligor ☐ Other: [________] |
| Schedule Reference | ☐ D ☐ E/F ☐ G |
| Amount of Obligation | $[________________] |

Codebtor 3:
| Field | Information |
|-------|-------------|
| Codebtor Name | [________________________________] |
| Codebtor Address | [________________________________] |
| Codebtor Type | ☐ Individual ☐ Corporation ☐ LLC ☐ Partnership ☐ Other: [________] |
| Relationship to Debtor | ☐ Officer ☐ Director ☐ Shareholder ☐ Member ☐ Partner ☐ Affiliate ☐ Other: [________] |
| Creditor Name | [________________________________] |
| Nature of Liability | ☐ Guarantor ☐ Co-Signer ☐ Joint Obligor ☐ Other: [________] |
| Schedule Reference | ☐ D ☐ E/F ☐ G |
| Amount of Obligation | $[________________] |

(Continue on additional pages as needed)

Schedule H Summary

Note: The automatic stay under 11 U.S.C. § 362 generally does not protect non-debtor codebtors in Chapter 7 or Chapter 11 cases. Creditors may pursue codebtors for collection.

Part VI: Summary of Assets and Liabilities (Form 206Sum)

Assets Summary

Liabilities Summary

Key Ratios

Part VII: Common Issues for Non-Individual Debtors

Entity-Specific Considerations

Corporations:
☐ Corporate resolution authorizing bankruptcy filing required
☐ List all officers, directors, and shareholders owning 5%+ in Statement of Financial Affairs
☐ No discharge available in Chapter 7 liquidation
☐ Corporate ownership statement required per Fed. R. Bankr. P. 1007(a)(1) and 7007.1

LLCs:
☐ Operating agreement provisions regarding bankruptcy must be reviewed
☐ Member consents or manager authorization required
☐ Treatment depends on state law characterization (partnership vs. corporate)
☐ Single-member LLC issues with regard to entity separateness

Partnerships:
☐ General partners may have joint and several liability for partnership debts
☐ General partners must file personal asset/liability statements if ordered
☐ Partnership bankruptcy may trigger partner bankruptcies
☐ Limited partners generally protected to extent of capital contribution

Substantive Consolidation Considerations

If debtor is part of an affiliated group, consider:
☐ Intercompany claims and transactions
☐ Commingling of assets and operations
☐ Common ownership and management
☐ Consolidated financial statements
☐ Potential for substantive consolidation motion

Preference and Fraudulent Transfer Exposure

Review transactions occurring within:
☐ 90 days before petition (preferences to non-insiders)
☐ 1 year before petition (preferences to insiders)
☐ 2 years before petition (actual fraudulent transfers)
☐ State law limitations period (constructive fraudulent transfers)

Part VIII: Local Rule Considerations

IMPORTANT: Local bankruptcy rules vary significantly by district. Before filing, review local rules for:

Common Local Rule Variations

☐ Amended Schedules: Many districts require service on all affected creditors and specific notice language when amending schedules

☐ Matrix Requirements: Most districts have specific formatting requirements for creditor mailing matrices

☐ Fee Disclosures: Some districts require detailed attorney fee disclosures beyond Official Form requirements

☐ First Day Motions: Chapter 11 cases may require specific first-day motion packages

☐ Cash Collateral: Local rules may impose specific requirements for cash collateral stipulations

☐ Monthly Operating Reports: Format and content requirements vary by district

☐ Claims Bar Dates: Procedures for setting and noticing claims bar dates vary

☐ Plan Confirmation: Local rules may impose additional plan confirmation requirements

Key District Court Websites

Consult the local bankruptcy court website for your district for current local rules, standing orders, and required forms.

Declaration Under Penalty of Perjury

For Non-Individual Debtors (Form 202)

I, the undersigned authorized representative of the debtor named in this case, declare under penalty of perjury that I have read the foregoing schedules, consisting of [____] pages, and that they are true and correct to the best of my knowledge, information, and belief.

Authorized Representative:

Name: [________________________________]

Title: [________________________________]

Signature: ________________________________ Date: [__/__/____]

If Prepared by Debtor's Attorney:

I, the attorney for the debtor named in this case, declare that I have informed the debtor's authorized representative that they may seek independent legal advice and that the schedules have been prepared in accordance with their instructions.

Attorney Name: [________________________________]

Bar Number: [________________________________]

Firm Name: [________________________________]

Address: [________________________________]

Telephone: [________________________________]

Email: [________________________________]

Signature: ________________________________ Date: [__/__/____]

Filing Checklist

Before filing Official Forms, confirm:

☐ All schedules completed (206A/B, 206D, 206E/F, 206G, 206H)
☐ Summary of Assets and Liabilities (206Sum) completed
☐ Declaration (Form 202) executed by authorized representative
☐ Corporate ownership statement prepared (if corporate debtor)
☐ Creditor mailing matrix prepared per local rules
☐ Proper valuation standards applied consistently
☐ All secured creditors listed on Schedule D with collateral descriptions
☐ Priority claims properly categorized on Schedule E/F Part 1
☐ All executory contracts and leases listed on Schedule G
☐ All codebtors identified on Schedule H
☐ Filing fees paid or fee waiver obtained
☐ Electronic filing requirements satisfied
☐ Local rule requirements reviewed and satisfied

This worksheet is for preparation purposes only. Transfer all information to Official Bankruptcy Forms 206A/B, 206D, 206E/F, 206G, 206H, 206Sum, and Form 202 or court-approved e-filing software. Retain this worksheet in client file for reference.