Official Form 106H Schedule H Your Codebtors

What Is Official Form 106H Schedule H?

This is a legal form that was released by the United States Bankruptcy Court on December 1, 2015 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 106H?A: Form 106H is a schedule that is used to list codebtors on your official bankruptcy forms.

Q: What is Schedule H?A: Schedule H is a section of your official bankruptcy forms which allows you to list any codebtors.

Q: What is a codebtor?A: A codebtor is a person who is also responsible for a debt that you have listed in your bankruptcy forms.

Q: Why do I need to list codebtors?A: Listing codebtors is important because it helps the court understand the full extent of the debt and who is responsible for it.

Q: What information do I need to provide for each codebtor?A: You will need to provide the name, address, and social security number (or tax identification number) of each codebtor.

Q: Do I have to list all codebtors?A: Yes, you are required to list all codebtors on Schedule H, even if they are not filing for bankruptcy with you.

Q: Can I add codebtors after submitting the forms?A: If you need to add codebtors after submitting your forms, you may need to request permission from the court and amend your bankruptcy petition.

Q: Can my codebtors be discharged from their debts by my bankruptcy?A: No, your bankruptcy will only discharge your personal liability for the debt, not your codebtors' liability.

Q: What happens to the codebtors' liability after my bankruptcy?A: After your bankruptcy, your codebtors will still be responsible for the full amount of the debt.

Q: Are codebtors required to attend the bankruptcy hearing?A: Codebtors are not required to attend the bankruptcy hearing unless they are also filing for bankruptcy or they receive a notice to appear.