Course Category: Statement of Financial Affairs

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BK 112: Statement of Financial Affairs

Statement of Financial Affairs. Every Chapter 7 debtor is required to file a statement of the debtor’s financial affairs.  11 U.S.C. § 521(a)(1)(B)(iii); Bankruptcy Rule 1007(b)(1)(D).  Like the Statement of Intent, the Bankruptcy Rules requires a debtor to use a specific national form prescribed by the Judicial Conference of the…