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Statement of Financial Affairs - Repossessions, Foreclosures and Returns

How to enter SOFA (207) Line 5

Katie Stasiulewicz avatar
Written by Katie Stasiulewicz
Updated over 4 years ago

Question from SOFA Line 5: List all property of the debtor that was obtained by a creditor within 1 year before filing this case, including property repossessed by a creditor, sold at a foreclosure sale, transferred by a deed in lieu of foreclosure, or returned to the seller

Where to enter this in NextChapter: Secured Claims or Unsecured Priority Claims or Unsecured Nonpriority Claims > New Secured Claim > Add Action

Line 5 of the SOFA can be added from any of Claims sections. When you edit the corresponding claim for the creditor that received payment, you may Add an Action to the claim. ย 

The first dropdown will allow you to select repossession, foreclosure or return.

Note: The action will only appear on line 5 of the SOFA unless the box Add to SOFA #7 (Lawsuit) is check. Checking this box will add the action on both lines 5 and 7 of the Statement of Financial Affairs.

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