Form Ustsv Cs PDF Details

Filing for Chapter 11 Bankruptcy is a complex process filled with numerous critical steps that must be meticulously followed to ensure compliance with legal requirements. Among these, the submission of the USTSV-CS form, known as the 7-Day Package Cover Sheet, stands out as a pivotal component in navigating through bankruptcy proceedings. The form, which should be submitted to the U.S. Trustee within 7 days of filing the Chapter 11 petition—a requirement distinct from filing directly with the Bankruptcy Court—serves as a comprehensive checklist for debtors. It encompasses various essential documents ranging from real property questionnaires, bank account information, proof of insurance coverages, to financial statements and tax returns, each serving to elaborate the debtor's financial landscape. Additional components such as the requirement for a list of insiders, statement of major issues, and a projected cash flow statement, further underline the importance of transparency and accurate representation of the debtor's position. As with any legal document, the significance of the USTSV-CS form lies not just in its capacity to facilitate a smoother bankruptcy process, but also in its role as a tool for providing detailed and crucial information that affects the outcome of the Chapter 11 case. Through the meticulous submission of the required documents or satisfactory explanations for any omissions, the form underpins the foundational aspects of Chapter 11 proceedings, ensuring that both legal professionals and debtors navigate this challenging journey with clarity and compliance.

QuestionAnswer
Form NameForm Ustsv Cs
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesustsv, seven cover sheet pdf, ustsv cover, day cover sheet

Form Preview Example

 

Attorney or Professional Name, Address, Telephone, and FAX.

File with U.S. Trustee within 7 days of

 

 

 

 

 

 

 

filing the Chapter 11 petition. Do not file

 

 

 

 

 

 

 

with the Bankruptcy court.

 

 

 

 

 

 

 

 

 

 

 

 

UNITED STATES BANKRUPTCY COURT

 

 

 

 

 

 

 

 

CENTRAL DISTRICT OF CALIFORNIA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In re:

 

 

 

 

Chapter 11 Case Number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7-DAY PACKAGE COVER SHEET

 

 

 

 

 

 

Debtor

 

 

Original

 

Supplemental

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mark One Box for Each Required

You must attach each of the following documents or a satisfactory explanation for your

 

 

 

Document

 

failure to attach a document. Failure to submit these documents in a timely fashion

 

 

 

 

 

may result in a motion to convert or dismiss the case. The submission of documents

 

 

 

 

 

that are incomplete or not prepared in accordance with USTP guidelines and

 

 

 

 

 

requirements will be treated as a failure to submit.

 

 

Document

Previously

Explanation

 

 

 

 

 

 

 

 

 

Attached

Submitted

Attached

REQUIRED DOCUMENTS:

 

 

 

 

 

 

 

 

 

 

1.

Real Property Questionnaire (USTSV-RPQ) for each parcel of real property.

 

 

 

 

 

2.

Pre-Petition bank account information

 

 

 

 

 

 

 

 

 

 

3.

Proof of Establishment of Debtor-In-Possession bank accounts:

 

 

 

 

 

 

 

A. General account

 

 

 

 

 

 

 

 

 

 

 

B. Payroll account

 

 

 

 

 

 

 

 

 

 

 

C. Tax account

 

 

 

 

 

 

 

 

 

 

 

D. Other necessary accounts (e.g. cash collateral)

 

 

 

 

 

 

4.

Proof of insurance coverage: (submit declaration pages)

 

 

 

 

 

 

 

A. General comprehensive public liability insurance

 

 

 

 

 

 

 

B. Fire and theft insurance

 

 

 

 

 

 

 

 

 

 

 

C. Workers compensation insurance

 

 

 

 

 

 

 

D. Vehicle insurance

 

 

 

 

 

 

 

 

 

 

 

E. Product liability insurance

 

 

 

 

 

 

 

 

 

 

 

F. Other customary insurance coverage

 

 

 

 

 

 

5.

Proof of required certificates and licenses

 

 

 

 

 

 

6.

List of insiders as defined in 11 U.S.C. ' 101(31)

 

 

 

 

 

 

7.

Pre-petition financial statements

 

 

 

 

 

 

 

 

 

 

8.

Projected cash flow statement

 

 

 

 

 

 

 

 

 

 

9.

Trust agreements and any amendments thereon

 

 

 

 

 

 

10. Proof of recordation of chapter 11 petition

 

 

 

 

 

 

11. Statement of Major Issues and Timetable Report

 

 

12.Recently filed Federal income tax returns, Federal & state payroll tax returns, state sales tax returns, with all schedules and attachments (submit as separate package).

13. Employee benefit plan questionnaire (USTSV-EBPQ)

CONTINUED

PAGE 2 MUST BE INCLUDED OR THIS DOCUMENT WILL BE CONSIDERED INCOMPLETE

Revised December 2011

7-DAY PACKAGE COVER SHEET (Page 1 of 2)

USTSV-CS

In re:

Debtor

Chapter 11 Case Number

7-DAY PACKAGE COVER SHEET

Original

 

Supplemental

 

 

 

I have read and understood the Guidelines and Requirements for Chapter 11 Debtors-in-Possession. I have also reviewed the documents attached to this cover sheet.

Dated:

Law Firm Name

By:

Attorney for Debtor

I declare under penalty of perjury that the information provided on 7-Day Package Cover Sheet and the attachments herein are true and correct to best of knowledge, information and belief. I have full authority to answer the questions on the documents attached hereto on behalf of the debtor-in-possession.

Dated:

Print Name and Title of Authorized Agent for Debtor-in-Possession

By:

Signature of Authorized Agent for Debtor-in-Possession

Revised December 2011

7-DAY PACKAGE COVER SHEET (Page 2 of 2)

USTSV-CS

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Completing this document requires attention to detail. Ensure that each field is completed correctly.

1. Begin filling out the sheet with a selection of major fields. Collect all the information you need and ensure there's nothing missed!

ustsv cover writing process shown (part 1)

2. Once your current task is complete, take the next step – fill out all of these fields - You must attach each of the, A General account B Payroll, A General comprehensive public, Proof of required certificates, Document Attached, Previously Submitted, and Attached with their corresponding information. Make sure to double check that everything has been entered correctly before continuing!

Stage no. 2 of filling in ustsv cover

3. The next step should also be pretty uncomplicated, Proof of required certificates, CONTINUED, PAGE MUST BE INCLUDED OR THIS, Revised December, DAY PACKAGE COVER SHEET Page of, and USTSVCS - these fields will need to be filled in here.

ustsv cover completion process explained (stage 3)

4. Now proceed to this fourth part! In this case you'll get all of these In re, Chapter Case Number, DAY PACKAGE COVER SHEET, Debtor, Original, Supplemental, Law Firm Name, I have read and understood the, Print Name and Title of Authorized, and Attorney for Debtor blanks to fill out.

ustsv cover completion process explained (part 4)

Be very careful while filling in Law Firm Name and Original, since this is the part where many people make a few mistakes.

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