Arizona Bankruptcy Statement of Financial Affairs Form

Through this form, bankruptcy applicant can officially declare her/his income and enumerate all known creditors and debts. Application for all types of bankruptcy cases require the completion and submission of this form.

Extracted Text for Proper Search

B 7 (Official Form 7) (12/12)	
U	NITED 	S	TATES 	B	ANKRUPTCY 	C	OURT	
__________ District of __________	
In re: ______________________________________, Case No. ___________________________	    Debtor(if known)     	
STATEMENT OF FINANCIAL AFFAIRS	
This statement is to be completed by every debtor.  Spouses filing a joint petition may file a single statement on which
the information for both spouses is combined.  If the case is filed under chapter 12 or chapter 13, a married debtor must furnish
information for both spouses whether or not a joint petition is filed, unless the spouses are separated and a joint petition is not
filed.  An individual debtor engaged in business as a sole proprietor, partner, family farmer, or self-employed professional,
should provide the information requested on this statement concerning all such activities as well as the individual's personal
affairs.  To indicate payments, transfers and the like to minor children, state the child's initials and the name and address of the
child's parent or guardian, such as "A.B., a minor child, by John Doe, guardian." Do not disclose the child's name. See, 11 U.S.C.
§112 and Fed. R. Bankr. P. 1007(m).
Questions 1 - 18 are to be completed by all debtors.  Debtors that are or have been in business, as defined below, also
must complete Questions 19 - 25.  If the answer to an applicable question is "None," mark the box labeled "None."  If
additional space is needed for the answer to any question, use and attach a separate sheet properly identified with the case name,
case number (if known), and the number of the question.
DEFINITIONS
"In business."  A debtor is "in business" for the purpose of this form if the debtor is a corporation or partnership.  An
individual debtor is "in business" for the purpose of this form if the debtor is or has been, within six years immediately preceding
the filing of this bankruptcy case, any of the following: an officer, director, managing executive, or owner of 5 percent or more
of the voting or equity securities of a corporation; a partner, other than a limited partner, of a partnership; a sole proprietor or
self-employed full-time or part-time.  An individual debtor also may be “in business” for the purpose of this form if the debtor
engages in a trade, business, or other activity, other than as an employee, to supplement income from the debtor’s primary
employment.
"Insider."  The term "insider" includes but is not limited to: relatives of the debtor; general partners of the debtor and
their relatives; corporations of which the debtor is an officer, director, or person in control; officers, directors, and any persons in
control of a corporate debtor and their relatives; affiliates of the debtor and insiders of such affiliates; and any managing agent of
the debtor.  11 U.S.C. § 101(2), (31).  
____________________________________________________________________________________________________
1. Income from employment or operation of business	
None	State the gross amount of income the debtor has received from employment, trade, or profession, or from operation of
the debtor's business, including part-time activities either as an employee or in independent trade or business, from the
beginning of this calendar year to the date this case was commenced.  State also the gross amounts received during the
two years immediately preceding this calendar year.  (A debtor that maintains, or has maintained, financial records on
the basis of a fiscal rather than a calendar year may report fiscal year income.  Identify the beginning and ending dates
of the debtor's fiscal year.)  If a joint petition is filed, state income for each spouse separately.  (Married debtors filing
under chapter 12 or chapter 13 must state income of both spouses whether or not a joint petition is filed, unless the
spouses are separated and a joint petition is not filed.)
AMOUNT SOURCE

B 7 (12/12) 2	
2. Income other than from employment or operation of business	
None	State the amount of income received by the debtor other than from employment, trade, profession, operation of the
debtor's business during the two years immediately preceding the commencement of this case.  Give particulars.  If a
joint petition is filed, state income for each spouse separately.  (Married debtors filing under chapter 12 or chapter 13
must state income for each spouse whether or not a joint petition is filed, unless the spouses are separated and a joint
petition is not filed.)
AMOUNT SOURCE
____________________________________________________________________________________________________
3. Payments to creditors
Complete a. or b., as appropriate, and c.	
None
G	a. Individual or joint debtor(s) with primarily consumer debts:  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.
Indicate with an asterisk (*) any payments that were made to a creditor on account of a domestic support obligation or
as  part of an alternative repayment schedule under a plan by an approved nonprofit budgeting and credit counseling
agency.  (Married debtors filing under chapter 12 or chapter 13 must include payments by either or both spouses
whether or not a joint petition is filed, unless the spouses are separated and a joint petition is not filed.) 
NAME AND ADDRESS OF CREDITOR DATES OF AMOUNT AMOUNT
PAYMENTS PAID STILL OWING	
None
G	        b.  Debtor whose debts are not primarily consumer debts: List each payment or other transfer to any creditor made
within 90 days immediately preceding the commencement of the case unless the aggregate value of all property that
constitutes or is affected by such transfer is less than $5,850	
*.  If the debtor is an individual, indicate with an asterisk
(*) any payments that were made to a creditor on account of a domestic support obligation or as  part of an alternative
repayment schedule under a plan by an approved nonprofit budgeting and credit counseling agency.  (Married debtors
filing under chapter 12 or chapter 13 must include payments and other transfers by either or both spouses whether or
not a joint petition is filed, unless the spouses are separated and a joint petition is not filed.)
NAME AND ADDRESS OF CREDITOR DATES OF  AMOUNT AMOUNT
PAYMENTS/ PAID OR STILL
TRANSFERS VALUE OF OWING
TRANSFERS	
*Amount subject to adjustment on 4/01/13, and every three years thereafter with respect to cases commenced on or
after the date of adjustment.

B 7 (12/12) 3
None
G	         c.  All debtors:  List all payments made within one year immediately preceding the commencement of this case
  to or for the benefit of creditors who are or were insiders.  (Married debtors filing under chapter 12 or chapter 13 must
include payments by either or both spouses whether or not a joint petition is filed, unless the spouses are separated and
a joint petition is not filed.)
NAME AND ADDRESS OF CREDITOR DATE OF AMOUNT AMOUNT
AND RELATIONSHIP TO DEBTOR PAYMENT PAID STILL OWING
____________________________________________________________________________________________________
4.  Suits and administrative proceedings, executions, garnishments and attachments	
None	a.  List all suits and administrative proceedings to which the debtor is or was a party within one year immediately
preceding the filing of this bankruptcy case.  (Married debtors filing under chapter 12 or chapter 13 must include
information concerning either or both spouses whether or not a joint petition is filed, unless the spouses are separated
and a joint petition is not filed.)
CAPTION OF SUIT NATURE OF COURT OR AGENCY STATUS OR
AND CASE NUMBER PROCEEDING AND LOCATION DISPOSITION	
None	b.  Describe all property that has been attached, garnished or seized under any legal or equitable process within one
year immediately preceding the commencement of this case.  (Married debtors filing under chapter 12 or chapter 13
must include information concerning property of either or both spouses whether or not a joint petition is filed, unless
the spouses are separated and a joint petition is not filed.)
NAME AND ADDRESS DATE OF DESCRIPTION 
OF PERSON FOR WHOSE SEIZURE AND VALUE
BENEFIT PROPERTY WAS SEIZED OF PROPERTY
_____________________________________________________________________________________________________
5. Repossessions, foreclosures and returns	
None	List all property that has been repossessed by a creditor, sold at a foreclosure sale, transferred through a deed in lieu 
of foreclosure or returned to the seller, within one year immediately preceding the commencement of this case. 
(Married debtors filing under chapter 12 or chapter 13 must include information concerning property of either or both
spouses whether or not a joint petition is filed, unless the spouses are separated and a joint petition is not filed.)
NAME AND ADDRESS DATE OF REPOSSESSION, DESCRIPTION
OF CREDITOR OR SELLER FORECLOSURE SALE, AND VALUE
  TRANSFER OR RETURN OF PROPERTY
____________________________________________________________________________________________________

B 7 (12/12) 4	
6. Assignments and receiverships	
None	a.  Describe any assignment of property for the benefit of creditors made within 120 days immediately preceding the
commencement of this case.  (Married debtors filing under chapter 12 or chapter 13 must include any assignment by
either or both spouses whether or not a joint petition is filed, unless the spouses are separated and a joint petition is not
filed.)
NAME AND ADDRESS DATE OF TERMS OF
OF ASSIGNEE ASSIGNMENT ASSIGNMENT
OR SETTLEMENT	
None	b.  List all property which has been in the hands of a custodian, receiver, or court-appointed official within one year
immediately preceding the commencement of this case.  (Married debtors filing under chapter 12 or chapter 13 must
include information concerning property of either or both spouses whether or not a joint petition is filed, unless the
spouses are separated and a joint petition is not filed.)
    NAME AND ADDRESS NAME AND LOCATION DATE OF DESCRIPTION
OF CUSTODIAN OF COURT ORDER AND VALUE
CASE TITLE & NUMBER Of PROPERTY
____________________________________________________________________________________________________
7. Gifts 	
None	List all gifts or charitable contributions made within one year immediately preceding the commencement of this case
except ordinary and usual gifts to family members aggregating less than $200 in value per individual family member
and charitable contributions aggregating less than $100 per recipient.  (Married debtors filing under chapter 12 or
chapter 13 must include gifts or contributions by either or both spouses whether or not a joint petition is filed, unless
the spouses are separated and a joint petition is not filed.)
NAME AND ADDRESS RELATIONSHIP DATE DESCRIPTION
OF PERSON TO DEBTOR, OF  GIFT AND VALUE
OR ORGANIZATION IF ANY OF GIFT
____________________________________________________________________________________________________
8. Losses	
None	List all losses from fire, theft, other casualty or gambling within one year immediately preceding the commencement
of this case or since the commencement of this case.  (Married debtors filing under chapter 12 or chapter 13 must
include losses by either or both spouses whether or not a joint petition is filed, unless the spouses are separated and a
joint petition is not filed.)
DESCRIPTION DESCRIPTION OF CIRCUMSTANCES AND, IF DATE
AND VALUE OF LOSS WAS COVERED IN WHOLE OR IN PART OF LOSS
PROPERTY BY  INSURANCE, GIVE PARTICULARS
____________________________________________________________________________________________________

B 7 (12/12) 5	
9. Payments related to debt counseling or bankruptcy	
None	List all payments made or property transferred by or on behalf of the debtor to any persons, including attorneys, for 
consultation concerning debt consolidation, relief under the bankruptcy law or preparation of a petition in bankruptcy
within one year immediately preceding the commencement of this case.
NAME AND ADDRESS DATE OF PAYMENT, AMOUNT OF MONEY OR
OF PAYEE NAME OF PAYER IF DESCRIPTION AND
OTHER THAN DEBTOR VALUE OF PROPERTY
____________________________________________________________________________________________________
10. Other transfers	
None	
 a. List all other property, other than property transferred in the ordinary course of the business or financial affairs of
the debtor, transferred either absolutely or as security within two years immediately preceding the commencement of
this case.  (Married debtors filing under chapter 12 or chapter 13 must include transfers by either or both spouses
whether or not a joint petition is filed, unless the spouses are separated and a joint petition is not filed.)
NAME AND ADDRESS DATE DESCRIBE PROPERTY
OF TRANSFEREE, TRANSFERRED AND 
RELATIONSHIP TO DEBTOR VALUE RECEIVED	
None
G  b.   List all property transferred by the debtor within ten years immediately preceding the commencement of this case
to a self-settled trust or similar device of which the debtor is a beneficiary.
NAME OF TRUST OR OTHER DATE(S) OF  AMOUNT OF MONEY OR DESCRIPTION
DEVICE TRANSFER(S) AND VALUE OF PROPERTY OR DEBTOR’S
INTEREST IN PROPERTY
____________________________________________________________________________________________________
11. Closed financial accounts 
None	List all financial accounts and instruments held in the name of the debtor or for the benefit of the debtor which were
closed, sold, or otherwise transferred within one year immediately preceding the commencement of this case.  Include
checking, savings, or other financial accounts, certificates of deposit, or other instruments; shares and share accounts
held in banks, credit unions, pension funds, cooperatives, associations, brokerage houses and other financial
institutions.  (Married debtors filing under chapter 12 or chapter 13 must include information concerning accounts or
instruments held by or for either or both spouses whether or not a joint petition is filed, unless the spouses are
separated and a joint petition is not filed.)
   
NAME AND ADDRESS TYPE OF ACCOUNT, LAST FOUR   AMOUNT AND
OF INSTITUTION DIGITS OF ACCOUNT NUMBER, DATE OF SALE 
AND AMOUNT OF FINAL BALANCE OR CLOSING              
____________________________________________________________________________________________________

B 7 (12/12) 6	
12. Safe deposit boxes	
None	List each safe deposit or other box or depository in which the debtor has or had securities, cash, or other valuables
within one year immediately preceding the commencement of this case.  (Married debtors filing under chapter 12 or
chapter 13 must include boxes or depositories of either or both spouses whether or not a joint petition is filed, unless
the spouses are separated and a joint petition is not filed.)
NAME AND ADDRESS NAMES AND ADDRESSES DESCRIPTION DATE OF TRANSFER
OF BANK OR OF THOSE WITH ACCESS OF    OR SURRENDER,
OTHER DEPOSITORY TO BOX OR DEPOSITORY CONTENTS    IF ANY
____________________________________________________________________________________________________
13. Setoffs	
None	List all setoffs made by any creditor, including a bank, against a debt or deposit of the debtor within 90 days preceding
the commencement of this case.  (Married debtors filing under chapter 12 or chapter 13 must include information
concerning either or both spouses whether or not a joint petition is filed, unless the spouses are separated and a joint
petition is not filed.)
NAME AND ADDRESS DATE OF AMOUNT
OF CREDITOR SETOFF OF SETOFF
____________________________________________________________________________________________________
14. Property held for another person	
None	List all property owned by another person that the debtor holds or controls.
NAME AND ADDRESS DESCRIPTION AND LOCATION OF PROPERTY
OF OWNER VALUE OF PROPERTY
____________________________________________________________________________________________________
15. Prior address of debtor	
None
G	If debtor has moved within three years immediately preceding the commencement of this case, list all premises      
which the debtor occupied during that period and vacated prior to the commencement of this case.  If a joint petition is  
filed, report also any separate address of either spouse.
ADDRESS NAME USED DATES OF OCCUPANCY	
____________________________________________________________________________

B 7 (12/12) 7	
16.  Spouses and Former Spouses	
None	If the debtor resides or resided in a community property state, commonwealth, or territory (including Alaska, Arizona,
  California, Idaho, Louisiana, Nevada, New Mexico, Puerto Rico, Texas, Washington, or Wisconsin) within eight
years immediately preceding the commencement of the case, identify the name of the debtor’s spouse and of 
any former spouse who resides or resided with the debtor in the community property state. 
NAME
___________________________________________________________________________________________________
17.  Environmental Information.  
For the purpose of this question, the following definitions apply:
  "Environmental Law" means any federal, state, or local statute or regulation regulating pollution, contamination,
releases of hazardous or toxic substances, wastes or material into the air, land, soil, surface water, groundwater, or
other medium, including, but not limited to, statutes or regulations regulating the cleanup of these substances, wastes,
or material.
    
"Site" means any location, facility, or property as defined under any Environmental Law, whether or not presently or
formerly owned or operated by the debtor, including, but not limited to, disposal sites. 
 
"Hazardous Material" means anything defined as a hazardous waste, hazardous substance, toxic substance, hazardous
material, pollutant, or contaminant or similar term under an Environmental Law.	
None	a.  List the name and address of every site for which the debtor has received notice in writing by a governmental
unit that it may be liable or potentially liable under or in violation of an Environmental Law.  Indicate the
governmental unit, the date of the notice, and, if known, the Environmental Law:
SITE NAME NAME AND ADDRESS DATE OF ENVIRONMENTAL
AND ADDRESS OF GOVERNMENTAL UNIT  NOTICE LAW	
None	b.  List the name and address of every site for which the debtor provided notice to a governmental unit of a release
  of Hazardous Material. Indicate the governmental unit to which the notice was sent and the date of the notice.
SITE NAME NAME AND ADDRESS DATE OF ENVIRONMENTAL
AND ADDRESS OF GOVERNMENTAL UNIT NOTICE LAW	
None	c.  List all judicial or administrative proceedings, including settlements or orders, under any Environmental Law with
respect to which the debtor is or was a party.  Indicate the name and address of the governmental unit that is or was a 
party to the proceeding, and the docket number.
NAME AND ADDRESS DOCKET NUMBER STATUS OR 
OF GOVERNMENTAL UNIT DISPOSITION
____________________________________________________________________________________________________
18 . Nature, location and name of business
 	
None	a.  If the debtor is an individual, list the names, addresses, taxpayer-identification numbers, nature of the businesses,
and beginning and ending dates of all businesses in which the debtor was an officer, director, partner, or managing
executive of a corporation, partner in a partnership, sole proprietor, or was self-employed in a trade, profession, or

B 7 (12/12) 8	
other activity either full- or part-time within six years immediately preceding the commencement of this case, or in
which the debtor owned 5 percent or more of the voting or equity securities within six years immediately preceding
the commencement of this case.
If the debtor is a partnership, list the names, addresses, taxpayer-identification numbers, nature of the businesses, and
beginning and ending dates of all businesses in which the debtor was a partner or owned 5 percent or more of the
voting or equity  securities, within six years immediately preceding the commencement of this case.
If the debtor is a corporation, list the names, addresses, taxpayer-identification numbers, nature of the businesses, and
beginning and ending dates of all businesses in which the debtor was a partner or owned 5 percent or more of the
voting or equity securities within six years immediately preceding the commencement of this case.
 
NAME LAST FOUR DIGITS ADDRESS NATURE OF BUSINESS BEGINNING AND
OF SOCIAL-SECURITY ENDING DATES
OR OTHER INDIVIDUAL
TAXPAYER-I.D. NO.
(ITIN)/ COMPLETE EIN	
None	b.  Identify any business listed in response to subdivision a., above, that is "single asset real estate" as
defined in 11 U.S.C. § 101.
NAME ADDRESS
____________________________________________________________________________________________________
The following questions are to be completed by every debtor that is a corporation or partnership and by any individual
debtor who is or has been, within six years immediately preceding the commencement of this case, any of the following: an
officer, director,  managing executive, or owner of more than 5 percent of the voting or equity securities of a corporation; a
partner, other than a limited partner, of a partnership, a sole proprietor, or self-employed in a trade, profession, or other activity,
either full- or part-time.
(An individual or joint debtor should complete this portion of the statement only if the debtor is or has been in
business, as defined above, within six years immediately preceding the commencement of this case.  A debtor who has not been
in business within those six years should go directly to the signature page.)
____________________________________________________________________________________________________
19. Books, records and financial statements	
None	a.  List all bookkeepers and accountants who within two years immediately preceding the filing of this
bankruptcy case kept or supervised the keeping of books of account and records of the debtor.
NAME AND ADDRESS DATES SERVICES RENDERED	
None	b.  List all firms or individuals who within two years immediately preceding the filing of this bankruptcy
case have audited the books of account and records, or prepared a financial statement of the debtor.
NAME ADDRESS DATES SERVICES RENDERED

B 7 (12/12) 9
None	c.  List all firms or individuals who at the time of the commencement of this case were in possession of the 
books of account and records of the debtor.  If any of the books of account and records are not available, explain.
NAME ADDRESS	
None	d.  List all financial institutions, creditors and other parties, including mercantile and trade agencies, to whom a
financial statement was issued by the debtor within two years immediately preceding the commencement of this case.
NAME AND ADDRESS DATE ISSUED
________________________________________________________________________________________________
20. Inventories	
None	a.  List the dates of the last two inventories taken of your property, the name of the person who supervised the
taking of each inventory, and the dollar amount and basis of each inventory.
DATE OF INVENTORY INVENTORY SUPERVISOR DOLLAR AMOUNT
OF  INVENTORY
(Specify cost, market or other basis)	
None	b.  List the name and address of the person having possession of the records of each of the inventories reported
in a., above. 
DATE OF INVENTORY NAME AND ADDRESSES
OF CUSTODIAN
OF INVENTORY RECORDS
____________________________________________________________________________________________________
21 . Current Partners, Officers, Directors and Shareholders	
None	a.  If the debtor is a partnership, list the nature and percentage of partnership interest of each member of the 
partnership.
NAME AND ADDRESS NATURE OF INTEREST PERCENTAGE OF INTEREST	
None	b. If the debtor is a corporation, list all officers and directors of the corporation, and each stockholder who 
directly or indirectly owns, controls, or holds 5 percent or more of the voting or equity securities of the 
corporation.
NATURE AND PERCENTAGE 
NAME AND ADDRESS TITLE OF STOCK OWNERSHIP
__________________________________________________________________________________________________

B 7 (12/12) 10	
22 . Former partners, officers, directors and shareholders	
None	a. If the debtor is a partnership, list each member who withdrew from the partnership within one year immediately
preceding the commencement of this case.
NAME ADDRESS DATE OF WITHDRAWAL	
None	b. If the debtor is a corporation, list all officers or directors whose relationship with the corporation terminated 
within one year immediately preceding the commencement of this case.
NAME AND ADDRESS TITLE DATE OF TERMINATION
___________________________________________________________________________________________________
23 . Withdrawals from a partnership or distributions by a corporation	
None	If the debtor is a partnership or corporation, list all withdrawals or distributions credited or given to an insider,
including compensation in any form, bonuses, loans, stock redemptions, options exercised and any other perquisite
during one year immediately preceding the commencement of this case.
NAME & ADDRESS DATE AND PURPOSE AMOUNT OF MONEY 
OF RECIPIENT, OF WITHDRAWAL OR DESCRIPTION
RELATIONSHIP TO DEBTOR       AND VALUE OF PROPERTY	
___________________________________________________________________	
24.  Tax Consolidation Group. 	
None	  If the debtor is a corporation, list the name and federal taxpayer-identification number of the parent corporation of any
consolidated group for tax purposes of which the debtor has been a member at any time within six years
immediately preceding the commencement of the case. 
NAME OF PARENT CORPORATION TAXPAYER-IDENTIFICATION NUMBER (EIN)
____________________________________________________________________________________________________
25.  Pension Funds.  	
None	If the debtor is not an individual, list the name and federal taxpayer-identification number of any pension fund to
  which the debtor, as an employer, has been responsible for contributing at any time within six years immediately
preceding the commencement of the case.
NAME OF PENSION FUND TAXPAYER-IDENTIFICATION NUMBER (EIN)
*   *   *   *   *   *
[If completed by an individual or individual and spouse]

B 7 (12/12) 11	
I declare under penalty of perjury that I have read the answers contained in the foregoing statement of financial affairs
and any attachments thereto and that they are true and correct.
DateSignature 
of Debtor 
DateSignature of
Joint Debtor
 (if any)	
____________________________________________________________________________	
[If completed on behalf of a partnership or corporation]
I declare under penalty of perjury that I have read the answers contained in the foregoing statement of financial affairs and any attachments
thereto and that they are true and correct to the best of my knowledge, information and belief.
Date Signature 
Print Name and
Title
[An individual signing on behalf of a partnership or corporation must indicate position or relationship to debtor.]
___continuation sheets attached	
Penalty for making a false statement:  Fine of up to $500,000 or imprisonment for up to 5 years, or both.  18 U.S.C. §§ 152 and 3571	
___________________________________________________________________________________________________	
DECLARATION AND SIGNATURE OF NON-ATTORNEY BANKRUPTCY PETITION PREPARER (See 11 U.S.C. § 110)
    I declare under penalty of perjury that: (1)  I am a bankruptcy petition preparer as defined in 11 U.S.C. § 110; (2)  I prepared this document for
compensation and  have provided the debtor with a copy of this document and the notices and information required under 11 U.S.C. §§ 110(b), 110(h), and
342(b); and, (3)  if rules or guidelines have been promulgated pursuant to 11 U.S.C. § 110(h) setting a maximum fee for services chargeable by bankruptcy
petition preparers, I have given the debtor notice of the maximum amount before preparing any document for filing for a debtor or accepting any fee from
the debtor, as required by that section.
Printed or Typed Name and Title, if any, of Bankruptcy Petition Preparer Social-Security No. (Required by 11 U.S.C. § 110.)
If the bankruptcy petition preparer is not an individual, state the name, title (if any), address, and social-security number of the officer, principal,
responsible person, or partner who signs this document.
Address
Signature of Bankruptcy Petition Preparer Date
Names and Social-Security numbers of all other individuals who prepared or assisted in preparing this document unless the bankruptcy petition preparer is
not an individual:
If more than one person prepared this document, attach additional signed sheets conforming to the appropriate Official Form for each person	
A bankruptcy petition preparer's failure to comply with the provisions of title 11 and the Federal Rules of Bankruptcy Procedure may result
in fines or imprisonment or both.  18 U.S.C. § 156.