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Freddy Ford is a real estate tycoon.He recently purchased the ShadyWood Apartments located at 14 W.14th Street in Your City, Your State.The legal description for

Freddy Ford is a real estate tycoon.He recently purchased the ShadyWood Apartments located at 14 W.14th Street in Your City, Your State.The legal description for the realproperty is Lot 12, Block 13, ofSmith Division as recorded in PlatBook 20, at Page 201 of the PublicRecords of Your County, Your State,Folio Number 11-1234-124-1234.He purchased the property for$350,000 cash, via a quit claimdeed from his cousin, GeorgeMcFly. He took ownership in hisindividual name. One of thetenants in the Shady WoodApartments is Tom Tew, who rentshis apartment for $1,200 permonth. Tom throws loud partiesevery Friday. The neighbors are upset and would like notice to besent to Tom to cure the issue andstop the loud parties. Freddy's realestate investments turned out toinclude some poor choices and heneeds to file for bankruptcyprotection.This is the case and no more information available... Im filling under Chapter 7 . In this case what should I mark on 16 ; 17; 18; 19

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W LM M U 16. What kind of debts do 16a. Are your debts primarily consumer debts? Consumer debts are defined in 11 U.S.C. $ 101(8) you have? as "incurred by an individual primarily for a personal, family, or household purpose." No. Go to line 16b. Yes. Go to line 17. 16b. Are your debts primarily business debts? Business debts are debts that you incurred to obtain money for a business or investment or through the operation of the business or investment No. Go to line 16c. Yes. Go to line 17. 16c. State the type of debts you owe that are not consumer debts or business debts. 17. Are you filing under Chapter 7? O No. I am not filing under Chapter 7. Go to line 18. Do you estimate that after Yes. I am filing under Chapter 7. Do you estimate that after any exempt property is excluded and any exempt property is administrative expenses are paid that funds will be available to distribute to unsecured creditors? excluded and No administrative expenses are paid that funds will be O Yes available for distribution to unsecured creditors? 18. How many creditors do 0 1-49 1,000-5,000 25,001-50,000 you estimate that you 50-99 5,001-10,000 50,001-100,000 owe? 100-199 10,001-25,000 More than 100,000 200-999 19. How much do you $0-$50,000 $1,000,001-$10 million $500,000,001-$1 billion estimate your assets to $50,001-$100,000 $10,000,001-$50 million $1,000,000,001-$10 billion be worth? $100,001-$500,000 $50,000,001-$100 million O $10,000,000,001-$50 billion $500 001-$1 million 3 $100 000 001-$500 million More than $50 billion Additional Information

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