First Day Motions
Usually the only filing that precedes the First Day Motions, like it or not
What is the "Petition"?
There are this many questions in SOFA
What is 32?
Schedule A/B requires the Debtor to report its Real and Personal Property, also known as this
What are Assets?
The MOR is always due on the _________ of the month immediately following the reporting period covered by the MOR
21st
To some, this Motion might seem to seek more relief for the Debtor's professionals than it does for the Debtor
What is the "Motion Extending Time to File SOFA/SOAL (et al.)"?
This is the time frame for payments to insiders (SOFA 4)
What is 1 year prior to the Petition Date
The Debtor's corporate offices leases should be reported in SOAL A/B 55, as well at this Schedule
What is Schedule G?
These bankruptcy professionals are excluded from the itemized breakdown of pro fees exhibit on the MOR form (Part 5)
Lender advisors
This Motion might propose granting allowed superpriority administrative expense claims as adequate protection in exchange for the Debtor's requested relief
What is the "Cash Collateral Motion"?
This is the payments/transfers to be listed on SOFA 11
What is Payments Related Bankruptcy
Claims for goods delivered to the Debtor within the 20 days preceding the petition date should be reported in this section of the SOAL
What is Schedule E/F Part 1?
Quarterly US Trustee fees are calculated based on the Debtor's _________, also listed in Part 1 of the MOR Form.
Cash disbursements
A Debtor might make these alliterative deposits to keep the lights on at its offices
What is Adequate Assurance?
This is the aggregate 90-day payment that should be omitted from SOFA 3 as of 2024
What is $7,575
11 U.S.C. ยง 507(a) entitles certain claims to this type of special treatment
What is Priority?
This new balance sheet account must be created towards the start of the BK case and contains all pre-petition liabilities
Liabilities Subject to Compromise (LSTC)
A Debtor might file a Motion to modify this injunction that imposed against its creditors under the Bankruptcy Code
What is the Automatic Stay?
These are usually the same questions
What is SOFA 30 (Payments to Insiders) and SOFA 4 (Payments to Insiders)
Litigation claims are often reported in SOAL E/F Part 2 at an "Undetermined" amount with these three designations
What is C/U/D?
Quarterly UST fees are capped at $_______ (per debtor)
$250,000