Statement of Financial Affairs

[GWBcasualty]

It says:

<<List all payments on loans, installment purchases of goods or services,
and other debts to any creditor made within 90 days immediately preceding the commencement of this case unless the aggregate value
of all property that constitutes or is affected by such transfer is less than $600.>>

Since I am still running my business (sole prop), normal expenses with vendors incurred in the operation of the business should not be listed unless the vendor is listed as a creditor or the payment was to settle a debt and not for a new cash transaction... right???

[tigergem]

I don't know the specific answer to your question, I would have to revisit the form. But the instruction manual for it is here:

www.uscourts.gov/bkforms/official/b7-inst.pdf

Hopefully someone else will have a better answer for you.

[justbroke]

I don't have a better answer, but I think that the poster was right. If the payment is for a like-kind exchange (like inventory) then it doesn't need to be shown. However, if it was for payment on an antecedent debt, then it should be listed.

The Trustee is looking for "avoidable" transfers in this section.