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Form 89-117 Insolvency Settlement Proposal - Texas
What Is Form 89-117?
This is a legal form that was released by the Texas Comptroller of Public Accounts - a government authority operating within Texas. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form 89-117?A: Form 89-117 is the Insolvency Settlement Proposal form used in Texas.
Q: What is an Insolvency Settlement Proposal?A: An Insolvency Settlement Proposal is a document that outlines a proposed agreement between a debtor and their creditors to settle outstanding debts.
Q: Who uses Form 89-117?A: Form 89-117 is used by individuals or businesses in Texas who are seeking to propose a settlement agreement with their creditors.
Q: What information is required in Form 89-117?A: Form 89-117 requires information about the debtor's financial situation, assets, liabilities, and proposed settlement terms.
Q: Is using Form 89-117 mandatory in Texas?A: Using Form 89-117 is not mandatory, but it is a commonly used form for proposing a settlement agreement in Texas.
Q: Can Form 89-117 be used for bankruptcy filings?A: No, Form 89-117 is specifically for proposing a settlement agreement and cannot be used for bankruptcy filings.
Q: Do I need a lawyer to fill out Form 89-117?A: While it is not required to have a lawyer, it is recommended to seek legal advice when preparing an Insolvency Settlement Proposal using Form 89-117.
Form Details:
- Released on April 4, 2019;
- The latest edition provided by the Texas Comptroller of Public Accounts;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form 89-117 by clicking the link below or browse more documents and templates provided by the Texas Comptroller of Public Accounts.
Download Form 89-117 Insolvency Settlement Proposal - Texas
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