Statement of Financial Affairs - Payments for Benefit of Insiders

How to enter SOFA (207) Line 4

Katie Stasiulewicz avatar
Written by Katie Stasiulewicz
Updated over a week ago

Question from SOFA Line 4: Payments or other transfers of property made within 1 year before filing this case that benefited any insider. List payments or transfers, including expense reimbursements, made within 1 year before filing this case on debts owed to an insider or guaranteed or cosigned by an insider unless the aggregate value of all property transferred to or for the benefit of the insider is less than $7,575.

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

Payments made to insiders can be added in the Codebtors, Insiders & Notices 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 4 of the SOFA.
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