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What are executory contracts and unexpired leases Schedule G-Ch7 Does this include your rental lease for where you live Or is it something else?
Wiki User
∙ 15y ago
== == I normally list all of the following types of contracts and leases on Schedule G: Residential leases (like a rental lease for where the debtor lives, EVEN IF it is only a verbal month-to-month arrangement), cell phone contracts, lot rent agreements, land purchase/sale contracts, home owners association contracts, pager contracts, auto leases, rent-to-own contracts, realtor listing agreements, internet contracts, etc. Also, I always list for EACH contract whether the debtor intends to HONOR & ASSUME the contract, or REJECT the contract. I always put each REJECTED contract on Schedule F as well to be sure the liability on the rejected contract is discharged. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts, which I do not warrant, and I am not suggesting any course of action or inaction to any person.
Wiki User
∙ 15y ago
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Schedule G represents Executory Contracts and Unexpired Lease, and is used in bankruptcy filing to list all the ongoing leases and contracts of the party in question
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What are executory contracts and unexpired leases Schedule G Ch7 Does this include your rental lease for where you live Or is it something else?
== == I normally list all of the following types of contracts and leases on Schedule G: Residential leases (like a rental lease for where the debtor lives, EVEN IF it is only a verbal month-to-month arrangement), cell phone contracts, lot rent agreements, land purchase/sale contracts, home owners association contracts, pager contracts, auto leases, rent-to-own contracts, realtor listing agreements, internet contracts, etc. Also, I always list for EACH contract whether the debtor intends to HONOR & ASSUME the contract, or REJECT the contract. I always put each REJECTED contract on Schedule F as well to be sure the liability on the rejected contract is discharged. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts, which I do not warrant, and I am not suggesting any course of action or inaction to any person.
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