Consumer Bankruptcy Journal Fall 2015 | Page 112

Form Modernization Overview

Official Form 107

Overview:

Official Form 107, Statement of Financial Affairs for Individuals Filing for Bankruptcy, which applies only in cases of
individual debtors, is revised in its entirety as part of the Forms Modernization Project. Form 107 was formerly
Official Form 7, Statement of Financial Affairs.

New Form Elements:

Part 1, Give Details About Your Marital Status and Where You Lived Before, moves the questions regarding the
debtor’s prior addresses, as well as residences in a community property state, to the beginning of the form. The
form eliminates the “name used” question in reference to prior addresses. Also, the debtor is no longer required to
list the name of a spouse or former spouse who lived with the debtor in a community property state since that
information will be provided in Official Form 106H.
NEW - Modernized Form
Caption.
NEW – Amended filing
checkbox.
REVISED – Official Form
107, Statement of Financial
Affairs for Individuals Filing
for Bankruptcy, replaces
Official Form 7, Statement
of Financial Affairs.

Question #1 is a new
question added to
Official Form 107.
Question #2 was formerly
question #15 of Official
Form 7.

Question #3 was formerly
question #16 of Official
Form 107.

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