Completing the Summary of Schedules in Your Bankruptcy Case

The Summary of Schedules summarizes the detailed financial information you provide to the court in other documents.

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One of the forms you must complete when you file for bankruptcy is called the Summary of Schedules. The Summary of Schedules summarizes the detailed information you provide to the court in other documents (Schedules A through J). The Schedules include information about your income, expenses, debts, and property. Along with the Summary, you must also complete the Statistical Summary of Certain Liabilities and Related Data.

Read on to learn more about the Summary of Schedules and Statistical Summary, including how to complete them.

(To learn about the other forms you must file in Chapter 7 and Chapter 13 bankruptcy and to find instructions on how to complete each of the Schedules referenced here, see Completing the Bankruptcy Forms.)

What Is the Purpose of the Summary of Schedules?

The Summary of Schedules helps the bankruptcy trustee and judge get a quick look at your bankruptcy filing. It summarizes the figures you entered onto your Schedules and lists your total assets and total liabilities.

Getting the Summary of Schedules

You can find the most recent version of the Summary of Schedules and the Statistical Summary on the U.S. Court’s website at www.uscourts.gov. To learn more about getting the official and other forms, see The Bankruptcy Forms: Getting Started.

Completing the Summary of Schedules

You must complete Schedules A through J before you turn to the Summary of Schedules. On the Summary of Schedules itself, the instructions for completing it are fairly self-explanatory. Here are some tips:

Attached Schedules and Number of Sheets

You should have attached each of the listed Schedules, so type in “Yes” for each one. Enter the number of pages you completed for each Schedule.

Filling in the Totals From Your Schedules

In the appropriate boxes, you fill in the totals from each of these Schedules:  A, B, D, E, F, I, and J. You don’t fill in anything for C, G, and H (other than the number of pages for each).

Totaling Your Assets and Liabilities

At the bottom of the form, add up your assets and liabilities and enter this information in the appropriate boxes.

The Statistical Summary of Certain Liabilities and Related Data

Along with the Summary of Schedules, you must also complete the Statistical Summary of Certain Liabilities and Related Data.  This form is technically part of Form 6 (the Summary). As with the Summary, you fill in information from your Schedules and one other form, and then add up various dollar amounts. Before you complete this part of the form, you'll have to complete Schedules A through J, and Form 22A (in Chapter 7) or Form 22C (in Chapter 13).

If your debts are primarily business, not consumer, debts, you don't have to fill out this part of the form.

This article provides general information only. There are many legal issues involved and important decisions to be made when filing for bankruptcy. You must understand the entire bankruptcy process, learn about the applicable federal and state laws, and determine how those laws will affect your particular situation before you complete the bankruptcy forms. If you want to file bankruptcy without a lawyer, use a good do-it-yourself book like Nolo's How to File for Chapter 7 Bankruptcy to ensure you make well informed decisions about your bankruptcy case.

by: , J.D.

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