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Statement of Financial Affairs - Payments to Creditors for Benefit of Insiders
Statement of Financial Affairs - Payments to Creditors for Benefit of Insiders

How to enter SOFA (107) Line 8

Mandy Ballinger avatar
Written by Mandy Ballinger
Updated over 4 years ago

Question from SOFA Line 8: Within 1 year before you filed for bankruptcy, did you make any payments or transfer any property on account of a debt that benefited an insider?

Where to enter this in NextChapter: Codebtors & Insiders > Insiders > New Insider

Payments made to insiders can be added in the Codebtors & Insiders section. If the Payment made to creditor for benefit of an insider (within 1 year) box is checked, the payment information will be listed on line 8 of the SOFA.
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