Issue link: https://mbozikis.ufcontent.com/i/1422521
51 for cause shown and on notice to the U.S. Trustee and any other party as the court may direct. FED. R. BANKR. P. 1007(a). In addition to the list of creditors, a debtor in a voluntary Chapter 11 reorganization case or a municipality in a Chapter 9 case must file with its petition a list setting forth the name, address and claim of its twenty largest unsecured creditors (excluding insiders). A debtor in an involuntary Chapter 11 reorganization case must file such a list within two days after entry of the order for relief. F ED. R. BANKR. P. 1007(d). The purpose of such a list is to enable the U.S. Trustee to solicit creditors in connection with the formation of an official committee of unsecured creditors. Unless the court orders otherwise, all debtors except municipalities in Chapter 9 cases are required to file (i) schedules of assets and liabilities, (ii) a schedule of current income and expenditures, (iii) a schedule of executory contracts and unexpired leases, and (iv) a statement of financial affairs. F ED. R. BANKR. P. 1007(b)(1). 20 These schedules and statements must be filed within fourteen days after the filing of a petition in a voluntary case or entry of the order for relief in an involuntary case. An extension of time in which to file the schedules and statements may be granted only on motion for cause shown and on notice to the U.S. Trustee and any other party as the court may direct. F ED. R. BANKR. P. 1007(c). The debtor should pay careful attention to the instructions for each of the official forms for the schedules and statements. Failure to comply with the Bankruptcy Code and the Bankruptcy Rules can adversely affect the discharge received by the debtor later in the case. For example, if a debtor fails to list a creditor in its schedules of liabilities, such creditor's debt will most likely not be discharged and will likely survive the bankruptcy. The schedules and statements are also important because they ensure that creditors receive notice of the bankruptcy. The lists and schedules containing creditors' names and addresses are used in serving the 20 If the debtor is an individual, there are additional filing requirements.