Do you or your spouse have a commitment to the FDIC or another insurer to maintain the capital of federally insured bank or savings and loan institution .. what does this mean ?
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Chapter 7 - Filed 11/28/2010 <> 341 Meeting - Done 12/28/2010 <><> Report of No Distribution 12/28/2010 <><><> 60 Day Club
<><><><>Discharged 3/1/2011<>>
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Sorry, I do not understand the question. Please elaborate. Thanks."To go bravely forward is to invite a miracle."
"Worry is the darkroom where negatives are formed." -
This statement was on one of the forms I gave to my attorney. It says Do you or your spouse have a commitment to the FDIC or another insurer to maintain the capital of federally insured bank or savings and loan institution Yes/No .. Im not sure what the question means. It is listed under unsecured lenders. Im lost and will ask my attorney tomorrow I was just hoping not have to call him.Chapter 7 - Filed 11/28/2010 <> 341 Meeting - Done 12/28/2010 <><> Report of No Distribution 12/28/2010 <><><> 60 Day Club <><><><>Discharged 3/1/2011<>>Comment
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wow.....what a way to word a question....do you have any bank loans....i believe to be the question here.
most ALL banks are federally insured by the FDIC....so if your car loan is via a bank or credit union i believe that is what they are asking in a very round about indirect way.
they should have just asked you under unsecured lenders to list all outstanding loans......but i'm just speculating here and of course i would still speak with your atty's office.
is this question on your atty's questionnaire??8/4/2008 
MAKE SURE AND VISIT Tobee's Blogs! http://www.bkforum.com/blog.php?32727-tobee43 and all are welcome to bk forum's Florida State Questions and Answers on BK http://www.bkforum.com/group.php?groupid=9Comment
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Hi tobee, it is a question on Schedule E, it is for people who are bankrolling a bank. You agree to keep the capital in the bank above the levels required by FDIC. This would almost never be an individual, especially one filing BK! It is used a lot in Ch 11 cases where one bank says they will prop up another and they don't or can't.
Tom in ColoCh7 filed 5/12/2010.....341 meeting 6/30/2010....report of no distribution 8/15/2010.....discharged 10/01/2010.....closed 11/09/2010Comment
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ahhhh makes sense....however, out of context it's a bit confusing????Originally posted by tcreegan View Post8/4/2008 MAKE SURE AND VISIT Tobee's Blogs! http://www.bkforum.com/blog.php?32727-tobee43 and all are welcome to bk forum's Florida State Questions and Answers on BK http://www.bkforum.com/group.php?groupid=9Comment
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Its really odd that it is on a Ch 7 form, where it makes no sense at all.....Ch7 filed 5/12/2010.....341 meeting 6/30/2010....report of no distribution 8/15/2010.....discharged 10/01/2010.....closed 11/09/2010Comment
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maybe it's just the atty's questionaire and not the actual chapter 7 docs...because that question is certainly not on mine....Originally posted by tcreegan View Post8/4/2008 MAKE SURE AND VISIT Tobee's Blogs! http://www.bkforum.com/blog.php?32727-tobee43 and all are welcome to bk forum's Florida State Questions and Answers on BK http://www.bkforum.com/group.php?groupid=9Comment
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It is probably just a very comprehensive BK questionnaire. There are special rules in Chapter 7 BK for Banks or members of a bank and for stock brokers.Comment
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