}bk1{form 1. Voluntary Petition}bk{ B1 (fficial Form 1)(1/08) ame of ebtor (if individual, enter Last, First, Middle): ifong, Michael B. nited States Bankruptcy ourt Middle istrict of orth arolina ame of Joint ebtor (Spouse) (Last, First, Middle): Voluntary Petition All ther ames used by the ebtor in the last 8 years (include married, maiden, and trade names): All ther ames used by the Joint ebtor in the last 8 years (include married, maiden, and trade names): Last four digits of Soc. Sec. or ndividualaxpayer.. () o./omplete (if more than one, state all) xxxxx3300 Street Address of ebtor (o. and Street, ity, and State): 615 ovember rive urham, ZP ode 27712 ounty of Residence or of the Principal Place of Business: urham Mailing Address of ebtor (if different from street address): Last four digits of Soc. Sec. or ndividualaxpayer.. () o./omplete (if more than one, state all) Street Address of Joint ebtor (o. and Street, ity, and State): ounty of Residence or of the Principal Place of Business: Mailing Address of Joint ebtor (if different from street address): ZP ode ZP ode ZP ode Location of Principal Assets of Business ebtor (if different from street address above): ype of ebtor (Form of rganization) (heck one box) ndividual (includes Joint ebtors) See xhibit on page 2 of this form. orporation (includes LL and LLP) Partnership ther (f debtor is not one of the above entities, check this box and state type of entity below.) Full Filing Fee attached Filing Fee (heck one box) ature of Business (heck one box) Health are Business Single Asset Real state as defined in 11.S.. 101 (51B) Railroad Stockbroker ommodity Broker learing Bank ther axxempt ntity (heck box, if applicable) ebtor is a taxexempt organization under itle 26 of the nited States ode (the nternal Revenue ode). Filing Fee to be paid in installments (applicable to individuals only). Must attach signed application for the court's consideration certifying that the debtor is unable to pay fee except in installments. Rule 1006(b). See fficial Form 3A. Filing Fee waiver requested (applicable to chapter 7 individuals only). Must attach signed application for the court's consideration. See fficial Form 3B. Statistical/Administrative nformation ebtor estimates that funds will be available for distribution to unsecured creditors. ebtor estimates that, after any exempt property is excluded and administrative expenses paid, there will be no funds available for distribution to unsecured creditors. stimated umber of reditors hapter 7 hapter 9 hapter 11 hapter 12 hapter 13 1 50 100 200 1,000 5,001 10,001 25,001 50,001 VR 49 99 199 999 5,000 10,000 25,000 50,000 100,000 100,000 stimated Assets $0 to $50,001 to $100,001 to $500,001 $1,000,001 $10,000,001 $50,000,001 $100,000,001 $500,000,001 More than $50,000 $100,000 $500,000 to $1 to $10 to $50 to $100 to $500 to $1 billion $1 billion million million million million million stimated Liabilities $0 to $50,001 to $100,001 to $500,001 $1,000,001 $10,000,001 $50,000,001 $100,000,001 $500,000,001 More than $50,000 $100,000 $500,000 to $1 to $10 to $50 to $100 to $500 to $1 billion $1 billion million million million million million hapter of Bankruptcy ode nder Which the Petition is Filed (heck one box) hapter 15 Petition for Recognition of a Foreign Main Proceeding hapter 15 Petition for Recognition of a Foreign onmain Proceeding ature of ebts (heck one box) ebts are primarily consumer debts, defined in 11.S.. 101(8) as "incurred by an individual primarily for a personal, family, or household purpose." ebts are primarily business debts. heck one box: hapter 11 ebtors ebtor is a small business debtor as defined in 11.S.. 101(51). ebtor is not a small business debtor as defined in 11.S.. 101(51). heck if: ebtor s aggregate noncontingent liquidated debts (excluding debts owed to insiders or affiliates) are less than $2,190,000. heck all applicable boxes: A plan is being filed with this petition. Acceptances of the plan were solicited prepetition from one or more classes of creditors, in accordance with 11.S.. 1126(b). HS SPA S FR R S LY
B1 (fficial Form 1)(1/08) Page 2 ame of ebtor(s): Voluntary Petition ifong, Michael B. (his page must be completed and filed in every case) All Prior Bankruptcy ases Filed Within Last 8 Years (f more than two, attach additional sheet) Location ase umber: ate Filed: Where Filed: one Location ase umber: ate Filed: Where Filed: Pending Bankruptcy ase Filed by any Spouse, Partner, or Affiliate of this ebtor (f more than one, attach additional sheet) ame of ebtor: ase umber: ate Filed: one istrict: Relationship: Judge: xhibit A (o be completed if debtor is required to file periodic reports (e.g., forms 10K and 10Q) with the Securities and xchange ommission pursuant to Section 13 or 15(d) of the Securities xchange Act of 1934 and is requesting relief under chapter 11.) xhibit A is attached and made a part of this petition. xhibit B (o be completed if debtor is an individual whose debts are primarily consumer debts.), the attorney for the petitioner named in the foregoing petition, declare that have informed the petitioner that [he or she] may proceed under chapter 7, 11, 12, or 13 of title 11, nited States ode, and have explained the relief available under each such chapter. further certify that delivered to the debtor the notice required by 11.S.. 342(b). X /s/ James B. raven Signature of Attorney for ebtor(s) James B. raven January 15, 2008 (ate) xhibit oes the debtor own or have possession of any property that poses or is alleged to pose a threat of imminent and identifiable harm to public health or safety? Yes, and xhibit is attached and made a part of this petition. o. xhibit (o be completed by every individual debtor. f a joint petition is filed, each spouse must complete and attach a separate xhibit.) xhibit completed and signed by the debtor is attached and made a part of this petition. f this is a joint petition: xhibit also completed and signed by the joint debtor is attached and made a part of this petition. nformation Regarding the ebtor Venue (heck any applicable box) ebtor has been domiciled or has had a residence, principal place of business, or principal assets in this istrict for 180 days immediately preceding the date of this petition or for a longer part of such 180 days than in any other istrict. here is a bankruptcy case concerning debtor's affiliate, general partner, or partnership pending in this istrict. ebtor is a debtor in a foreign proceeding and has its principal place of business or principal assets in the nited States in this istrict, or has no principal place of business or assets in the nited States but is a defendant in an action or proceeding [in a federal or state court] in this istrict, or the interests of the parties will be served in regard to the relief sought in this istrict. ertification by a ebtor Who Resides as a enant of Residential Property (heck all applicable boxes) Landlord has a judgment against the debtor for possession of debtor's residence. (f box checked, complete the following.) (ame of landlord that obtained judgment) (Address of landlord) ebtor claims that under applicable nonbankruptcy law, there are circumstances under which the debtor would be permitted to cure the entire monetary default that gave rise to the judgment for possession, after the judgment for possession was entered, and ebtor has included in this petition the deposit with the court of any rent that would become due during the 30day period after the filing of the petition. ebtor certifies that he/she has served the Landlord with this certification. (11.S.. 362(l)).
B1 (fficial Form 1)(1/08) Page 3 ame of ebtor(s): Voluntary Petition ifong, Michael B. (his page must be completed and filed in every case) Signatures Signature(s) of ebtor(s) (ndividual/joint) Signature of a Foreign Representative X X X declare under penalty of perjury that the information provided in this petition is true and correct. [f petitioner is an individual whose debts are primarily consumer debts and has chosen to file under chapter 7] am aware that may proceed under chapter 7, 11, 12, or 13 of title 11, nited States ode, understand the relief available under each such chapter, and choose to proceed under chapter 7. [f no attorney represents me and no bankruptcy petition preparer signs the petition] have obtained and read the notice required by 11.S.. 342(b). request relief in accordance with the chapter of title 11, nited States ode, specified in this petition. /s/ Michael B. ifong Signature of ebtor Michael B. ifong Signature of Joint ebtor elephone umber (f not represented by attorney) January 15, 2008 ate Signature of Attorney* /s/ James B. raven Signature of Attorney for ebtor(s) James B. raven 997 Printed ame of Attorney for ebtor(s) James B. raven Firm ame Attorney at Law P.. Box 1366 urham, 27702 Address X declare under penalty of perjury that the information provided in this petition is true and correct, that am the foreign representative of a debtor in a foreign proceeding, and that am authorized to file this petition. (heck only one box.) request relief in accordance with chapter 15 of title 11. nited States ode. ertified copies of the documents required by 11.S.. 1515 are attached. Pursuant to 11.S.. 1511, request relief in accordance with the chapter of title 11 specified in this petition. A certified copy of the order granting recognition of the foreign main proceeding is attached. Signature of Foreign Representative Printed ame of Foreign Representative ate Signature of onattorney Bankruptcy Petition Preparer declare under penalty of perjury that: (1) am a bankruptcy petition preparer as defined in 11.S.. 110; (2) prepared this document for compensation and have provided the debtor with a copy of this document and the notices and information required under 11.S.. 110(b), 110(h), and 342(b); and, (3) if rules or guidelines have been promulgated pursuant to 11.S.. 110(h) setting a maximum fee for services chargeable by bankruptcy petition preparers, have given the debtor notice of the maximum amount before preparing any document for filing for a debtor or accepting any fee from the debtor, as required in that section. fficial Form 19 is attached. Printed ame and title, if any, of Bankruptcy Petition Preparer SocialSecurity number (f the bankrutpcy petition preparer is not an individual, state the Social Security number of the officer, principal, responsible person or partner of the bankruptcy petition preparer.)(required by 11.S.. 110.) X mail: jbc64@mindspring.com 9196888295 Fax: 9196887832 elephone umber January 15, 2008 ate *n a case in which 707(b)(4)() applies, this signature also constitutes a certification that the attorney has no knowledge after an inquiry that the information in the schedules is incorrect. Signature of ebtor (orporation/partnership) declare under penalty of perjury that the information provided in this petition is true and correct, and that have been authorized to file this petition on behalf of the debtor. he debtor requests relief in accordance with the chapter of title 11, nited States ode, specified in this petition. Signature of Authorized ndividual Printed ame of Authorized ndividual itle of Authorized ndividual X Address ate Signature of Bankruptcy Petition Preparer or officer, principal, responsible person,or partner whose Social Security number is provided above. ames and SocialSecurity numbers of all other individuals who prepared or assisted in preparing this document unless the bankruptcy petition preparer is not an individual: f more than one person prepared this document, attach additional sheets conforming to the appropriate official form for each person. A bankruptcy petition preparer s failure to comply with the provisions of title 11 and the Federal Rules of Bankruptcy Procedure may result in fines or imprisonment or both 11.S.. 110; 18.S.. 156. ate
fficial Form 1, xhibit (10/06) nited States Bankruptcy ourt Middle istrict of orth arolina n re Michael B. ifong ase o. ebtor(s) hapter 7 XHB VAL BR'S SAM F MPLA WH R SLG RQRM Warning: You must be able to check truthfully one of the five statements regarding credit counseling listed below. f you cannot do so, you are not eligible to file a bankruptcy case, and the court can dismiss any case you do file. f that happens, you will lose whatever filing fee you paid, and your creditors will be able to resume collection activities against you. f your case is dismissed and you file another bankruptcy case later, you may be required to pay a second filing fee and you may have to take extra steps to stop creditors' collection activities. very individual debtor must file this xhibit. f a joint petition is filed, each spouse must complete and file a separate xhibit. heck one of the five statements below and attach any documents as directed. 1. Within the 180 days before the filing of my bankruptcy case, received a briefing from a credit counseling agency approved by the nited States trustee or bankruptcy administrator that outlined the opportunities for available credit counseling and assisted me in performing a related budget analysis, and have a certificate from the agency describing the services provided to me. Attach a copy of the certificate and a copy of any debt repayment plan developed through the agency. 2. Within the 180 days before the filing of my bankruptcy case, received a briefing from a credit counseling agency approved by the nited States trustee or bankruptcy administrator that outlined the opportunities for available credit counseling and assisted me in performing a related budget analysis, but do not have a certificate from the agency describing the services provided to me. You must file a copy of a certificate from the agency describing the services provided to you and a copy of any debt repayment plan developed through the agency no later than 15 days after your bankruptcy case is filed. 3. certify that requested credit counseling services from an approved agency but was unable to obtain the services during the five days from the time made my request, and the following exigent circumstances merit a temporary waiver of the credit counseling requirement so can file my bankruptcy case now. [Must be accompanied by a motion for determination by the court.][summarize exigent circumstances here.] f the court is satisfied with the reasons stated in your motion, it will send you an order approving your request. You must still obtain the credit counseling briefing within the first 30 days after you file your bankruptcy case and promptly file a certificate from the agency that provided the briefing, together with a copy of any debt management plan developed through the agency. Any extension of the 30day deadline can be granted only for cause and is limited to a maximum of 15 days. A motion for extension must be filed within the 30day period. Failure to fulfill these requirements may result in dismissal of your case. f the court is not satisfied with your reasons for filing your bankruptcy case without first receiving a credit counseling briefing, your case may be dismissed. Software opyright (c) 19962006 Best ase Solutions, nc. vanston, L (800) 4928037 Best ase Bankruptcy
fficial Form 1, xh. (10/06) ont. 4. am not required to receive a credit counseling briefing because of: [heck the applicable statement.] [Must be accompanied by a motion for determination by the court.] ncapacity. (efined in 11.S.. 109(h)(4) as impaired by reason of mental illness or mental deficiency so as to be incapable of realizing and making rational decisions with respect to financial responsibilities.); isability. (efined in 11.S.. 109(h)(4) as physically impaired to the extent of being unable, after reasonable effort, to participate in a credit counseling briefing in person, by telephone, or through the nternet.); Active military duty in a military combat zone. 5. he nited States trustee or bankruptcy administrator has determined that the credit counseling requirement of 11.S.. 109(h) does not apply in this district. certify under penalty of perjury that the information provided above is true and correct. Signature of ebtor: ate: January 15, 2008 /s/ Michael B. ifong Michael B. ifong Software opyright (c) 19962006 Best ase Solutions, nc. vanston, L (800) 4928037 Best ase Bankruptcy
}bk1{form 6. Sumary of Schedules}bk{ B6 Summary (fficial Form 6 Summary) (12/07) nited States Bankruptcy ourt Middle istrict of orth arolina n re Michael B. ifong ebtor, ase o. hapter 7 SMMARY F SHLS ndicate as to each schedule whether that schedule is attached and state the number of pages in each. Report the totals from Schedules A, B,,, F,, and J in the boxes provided. Add the amounts from Schedules A and B to determine the total amount of the debtor s assets. Add the amounts of all claims from Schedules,, and F to determine the total amount of the debtor s liabilities. ndividual debtors must also complete the "Statistical Summary of ertain Liabilities and Related ata" if they file a case under chapter 7, 11, or 13. AM F SHL AAH. F ASSS LABLS HR (YS/) SHS A Real Property Yes 1 235,000.00 B Personal Property Yes 3 8,898.00 Property laimed as xempt Yes 3 reditors Holding Secured laims Yes 1 302,897.00 reditors Holding nsecured Priority laims (otal of laims on Schedule ) Yes 2 0.00 F reditors Holding nsecured onpriority laims Yes 21 180,009,081.71 G xecutory ontracts and nexpired Leases Yes 1 H odebtors Yes 1 urrent ncome of ndividual ebtor(s) J urrent xpenditures of ndividual ebtor(s) otal umber of Sheets of ALL Schedules Yes Yes 2 9,209.96 4 9,285.00 39 otal Assets 243,898.00 otal Liabilities 180,311,978.71 opyright (c) 19962007 Best ase Solutions vanston, L (800) 4928037 Best ase Bankruptcy
}bk1{form 6. Statistical Sumary of ertain Liabilities and Related ata}bk{ Form 6 Statistical Summary (12/07) nited States Bankruptcy ourt Middle istrict of orth arolina n re Michael B. ifong ebtor, ase o. hapter 7 SASAL SMMARY F RA LABLS A RLA AA (28.S.. 159) f you are an individual debtor whose debts are primarily consumer debts, as defined in 101(8) of the Bankruptcy ode (11.S.. 101(8)), filing a case under chapter 7, 11 or 13, you must report all information requested below. heck this box if you are an individual debtor whose debts are primarily consumer debts. You are not required to report any information here. his information is for statistical purposes only under 28.S.. 159. Summarize the following types of liabilities, as reported in the Schedules, and total them. ype of Liability Amount omestic Support bligations (from Schedule ) axes and ertain ther ebts wed to Governmental nits (from Schedule ) laims for eath or Personal njury While ebtor Was ntoxicated (from Schedule ) (whether disputed or undisputed) Student Loan bligations (from Schedule F) omestic Support, Separation Agreement, and ivorce ecree bligations ot Reported on Schedule bligations to Pension or ProfitSharing, and ther Similar bligations (from Schedule F) AL 0.00 0.00 0.00 0.00 0.00 0.00 0.00 State the following: Average ncome (from Schedule, Line 16) 9,209.96 Average xpenses (from Schedule J, Line 18) urrent Monthly ncome (from Form 22A Line 12; R, Form 22B Line 11; R, Form 22 Line 20 ) 9,285.00 12,179.31 State the following: 1. otal from Schedule, "SR PR, F AY" column 0.00 2. otal from Schedule, "AM L PRRY" column 0.00 3. otal from Schedule, "AM L PRRY, F AY" column 4. otal from Schedule F 0.00 180,009,081.71 5. otal of nonpriority unsecured debt (sum of 1, 3, and 4) 180,009,081.71 opyright (c) 19962007 Best ase Solutions vanston, L (800) 4928037 Best ase Bankruptcy
}bk1{schedule A Real Property}bk{ B6A (fficial Form 6A) (12/07) n re Michael B. ifong ebtor, ase o. SHL A RAL PRPRY xcept as directed below, list all real property in which the debtor has any legal, equitable, or future interest, including all property owned as a cotenant, community property, or in which the debtor has a life estate. nclude any property in which the debtor holds rights and powers exercisable for the debtor's own benefit. f the debtor is married, state whether husband, wife, both, or the marital community own the property by placing an "H," "W," "J," or "" in the column labeled "Husband, Wife, Joint, or ommunity." f the debtor holds no interest in real property, write "one" under "escription and Location of Property." o not include interests in executory contracts and unexpired leases on this schedule. List them in Schedule G xecutory ontracts and nexpired Leases. f an entity claims to have a lien or hold a secured interest in any property, state the amount of the secured claim. See Schedule. f no entity claims to hold a secured interest in the property, write "one" in the column labeled "Amount of Secured laim." f the debtor is an individual or if a joint petition is filed, state the amount of any exemption claimed in the property only in Schedule Property laimed as xempt. escription and Location of Property ature of ebtor's nterest in Property Husband, Wife, Joint, or ommunity urrent Value of ebtor's nterest in Property, without educting any Secured laim or xemption Amount of Secured laim 615 ovember rive urham, 27712 tenancy by the entirety J 235,000.00 124,897.00 Subotal > 235,000.00 (otal of this page) 0 continuation sheets attached to the Schedule of Real Property otal > 235,000.00 (Report also on Summary of Schedules) opyright (c) 19962007 Best ase Solutions vanston, L (800) 4928037 Best ase Bankruptcy
}bk1{schedule B Personal Property}bk{ B6B (fficial Form 6B) (12/07) n re Michael B. ifong ebtor, ase o. xcept as directed below, list all personal property of the debtor of whatever kind. f the debtor has no property in one or more of the categories, place an "x" in the appropriate position in the column labeled "one." f additional space is needed in any category, attach a separate sheet properly identified with the case name, case number, and the number of the category. f the debtor is married, state whether husband, wife, both, or the marital community own the property by placing an "H," "W," "J," or "" in the column labeled "Husband, Wife, Joint, or ommunity." f the debtor is an individual or a joint petition is filed, state the amount of any exemptions claimed only in Schedule Property laimed as xempt. o not list interests in executory contracts and unexpired leases on this schedule. List them in Schedule G xecutory ontracts and nexpired Leases. f the property is being held for the debtor by someone else, state that person's name and address under "escription and Location of Property." f the property is being held for a minor child, simply state the child's initials and the name and address of the child's parent or guardian, such as "A.B., a minor child, by John oe, guardian." o not disclose the child's name. See, 11.S.. 112 and Fed. R. Bankr. P. 1007(m). ype of Property 1. ash on hand X SHL B PRSAL PRPRY escription and Location of Property Husband, Wife, Joint, or ommunity urrent Value of ebtor's nterest in Property, without educting any Secured laim or xemption 2. hecking, savings or other financial accounts, certificates of deposit, or shares in banks, savings and loan, thrift, building and loan, and homestead associations, or credit unions, brokerage houses, or cooperatives. signatory rights only in wife's account at S 0.00 3. Security deposits with public utilities, telephone companies, landlords, and others. 4. Household goods and furnishings, including audio, video, and computer equipment. 5. Books, pictures and other art objects, antiques, stamp, coin, record, tape, compact disc, and other collections or collectibles. X X X 6. Wearing apparel. clothing and personal effects 500.00 7. Furs and jewelry. X 8. Firearms and sports, photographic, and other hobby equipment. 9. nterests in insurance policies. ame insurance company of each policy and itemize surrender or refund value of each. 10. Annuities. temize and name each issuer. X X X Subotal > (otal of this page) 500.00 2 continuation sheets attached to the Schedule of Personal Property opyright (c) 19962007 Best ase Solutions vanston, L (800) 4928037 Best ase Bankruptcy
B6B (fficial Form 6B) (12/07) ont. n re Michael B. ifong ebtor, ase o. SHL B PRSAL PRPRY (ontinuation Sheet) ype of Property escription and Location of Property Husband, Wife, Joint, or ommunity urrent Value of ebtor's nterest in Property, without educting any Secured laim or xemption 11. nterests in an education RA as defined in 26.S.. 530(b)(1) or under a qualified State tuition plan as defined in 26.S.. 529(b)(1). Give particulars. (File separately the record(s) of any such interest(s). 11.S.. 521(c).) X 12. nterests in RA, RSA, Keogh, or other pension or profit sharing plans. Give particulars. State retirement nknown 13. Stock and interests in incorporated and unincorporated businesses. temize. 14. nterests in partnerships or joint ventures. temize. 15. Government and corporate bonds and other negotiable and nonnegotiable instruments. X X X 16. Accounts receivable. X 17. Alimony, maintenance, support, and property settlements to which the debtor is or may be entitled. Give particulars. 18. ther liquidated debts owed to debtor including tax refunds. Give particulars. X X 19. quitable or future interests, life estates, and rights or powers exercisable for the benefit of the debtor other than those listed in Schedule A Real Property. 20. ontingent and noncontingent interests in estate of a decedent, death benefit plan, life insurance policy, or trust. 21. ther contingent and unliquidated claims of every nature, including tax refunds, counterclaims of the debtor, and rights to setoff claims. Give estimated value of each. X X X Subotal > (otal of this page) 0.00 Sheet 1 of 2 continuation sheets attached to the Schedule of Personal Property opyright (c) 19962007 Best ase Solutions vanston, L (800) 4928037 Best ase Bankruptcy
B6B (fficial Form 6B) (12/07) ont. n re Michael B. ifong ebtor, ase o. SHL B PRSAL PRPRY (ontinuation Sheet) ype of Property escription and Location of Property Husband, Wife, Joint, or ommunity urrent Value of ebtor's nterest in Property, without educting any Secured laim or xemption 22. Patents, copyrights, and other intellectual property. Give particulars. X 23. Licenses, franchises, and other general intangibles. Give particulars. X 24. ustomer lists or other compilations containing personally identifiable information (as defined in 11.S.. 101(41A)) provided to the debtor by individuals in connection with obtaining a product or service from the debtor primarily for personal, family, or household purposes. X 25. Automobiles, trucks, trailers, and other vehicles and accessories. 2003 Honda Accord X 8,398.00 26. Boats, motors, and accessories. X 27. Aircraft and accessories. X 28. ffice equipment, furnishings, and supplies. 29. Machinery, fixtures, equipment, and supplies used in business. X X 30. nventory. X 31. Animals. X 32. rops growing or harvested. Give particulars. 33. Farming equipment and implements. X X 34. Farm supplies, chemicals, and feed. X 35. ther personal property of any kind not already listed. temize. X Sheet 2 of 2 continuation sheets attached to the Schedule of Personal Property opyright (c) 19962007 Best ase Solutions vanston, L (800) 4928037 Subotal > 8,398.00 (otal of this page) otal > 8,898.00 (Report also on Summary of Schedules) Best ase Bankruptcy
91 (1/06) nited States Bankruptcy ourt Middle istrict of orth arolina n re Michael B. ifong ase o. ebtor(s) hapter 7 BR'S LAM FR PRPRY XMPS, Michael B. ifong, the undersigned debtor, hereby claim the following property as exempt pursuant to 11.S.. 522(b)(3)(A), (B), and (), the Laws of the State of orth arolina, and nonbankruptcy federal law. heck if the debtor claims as exempt any amount of interest that exceeds $125,000 in value in property that the debtor or a dependent of the debtor uses as a residence. 1. RAL R PRSAL PRPRY S BY BR R BR'S P AS RS R BRAL PL. (GS 11601(a)(1)). Select appropriate exemption amount below: otal net value not to exceed $18,500. otal net value not to exceed $37,000. (ebtor is unmarried, 65 years of age or older, property was previously owned by debtor as tenant by the entireties or joint tenant with rights of survivorship, and former coowner is deceased.) escription of Property & Address Market Value Mtg. Holder or Lien Holder(s) Amt. Mtg. or Lien et Value (a) otal et Value $ 0.00 otal et xemption $ 0.00 (b) nused portion of exemption, not to exceed $5,000. $ 5,000.00 (his amount, if any, may be carried forward and used to claim an exemption in any property owned by the debtor. (GS 1 1601(a)(2)). 2. AY BY H RY. he following property is claimed as exempt pursuant to 11.S.. 522(b)(3)(B) and the laws of the State of orth arolina pertaining to property held as tenants by the entirety. escription of Property & Address Market Value 615 ovember rive urham, 27712 235,000.00 Mtg. Holder or Lien Holder(s) State mployees redit nion State mployees redit nion Amt. Mtg. or Lien et Value 100,57 24,326.00 110,103.00 3. MR VHL. (GS 11601(a)(3). nly one vehicle allowed under this paragraph with net value claimed as exempt not to exceed $3,500.) Year, Make, Market et Model of Auto Value Lien Holder(s) Amt. Lien Value 2003 Honda Accord X 8,398.00 8,398.00 (a) Statutory allowance $ 3,500 (b) Amount from 1 (b) above to be used in this paragraph. (A part or all of 1 (b) may be used as needed.) $ otal et xemption $ 3,500.00 4. LS F RA, MPLMS, R PRFSSAL BKS. (GS 11601(a)(5). sed by debtor or debtor's dependent. otal net value of all items claimed as exempt not to exceed $2,000.) escription Market Value Lien Holder(s) Amt. Lien et Value
(a) Statutory allowance $ 2,000 (b) Amount from 1 (b) above to be used in this paragraph. (A part or all of 1 (b) may be used as needed.) $ otal et xemption $ 0.00 5. PRSAL PRPRY S FR HSHL R PRSAL PRPSS BY BR R BR'S PS. (GS 11601(a)(4). ebtor's aggregate interest, not to exceed $5,000 in value for the debtor plus $1,000 for each dependent of the debtor, not to exceed $4,000 total for dependents.) Market et escription Value Lien Holder(s) Amt. Lien Value clothing and personal effects 500.00 500.00 (a) Statutory allowance for debtor $ 5,000 (b) Statutory allowance for debtor's dependents: 1 dependents at $1,000 each (not to exceed $4,000 total for dependents) 1,000.00 (c) Amount from 1(b) above to be used in this paragraph. (A part or all of 1 (b) may be used as needed.) 6. LF SRA. (As provided in Article X, Section 5 of orth arolina onstitution.) ame of nsurance ompany\policy o.\ame of nsured\policy ate\ame of Beneficiary otal et Value 500.00 otal et xemption 500.00 7. PRFSSALLY PRSRB HALH AS (FR BR R BR'S PS). (GS 1 1601(a)(7). o limit on value or number of items.) 8. BR'S RGH RV FLLWG MPSA: (GS 11601(a)(8). o limit on number or amount.) A. $ ompensation for personal injury to debtor or to person whom debtor was dependent for support. B. $ ompensation for death of person of whom debtor was dependent for support.. $ ompensation from private disability policies or annuities. 9. VAL RRM PLAS AS F H RAL RV A AY PLA RA H SAM MAR AS A VAL RRM PLA R H RAL RV. (GS 11601(a)(9). o limit on number or amount.) A HR RRM FS F 11.S.. 522(b)(3)(c). Value 10. LLG SAVGS PLAS QALF R S 529 F H RAL RV. (GS 11601(a)(10). otal net value not to exceed $25,000 and may not include any funds placed in a college saving plan within the preceding 12 months not in the ordinary course of the debtor's financial affairs. his exemption applies only to the extent that the funds are for a child of the debtor and will actually be used for the child's college or university expenses.) escription: etailed escription etailed escription Value Software opyright (c) 19962006 Best ase Solutions, nc. vanston, L (800) 4928037 Best ase Bankruptcy
11. RRM BFS R A RRM PLA F HR SA A GVRMAL S F HR SAS, H X HS BFS AR XMP R H LAWS F HA SA R GVRMAL. (GS 11601(a)(11). o limit on amount.) escription: 12. ALMY, SPPR, SPARA MAA A HL SPPR. (GS 11601(a)(12). o limit on amount to the extent such payments are reasonably necessary for the support of ebtor or dependent of ebtor.) 13. AY HR RAL R PRSAL PRPRY WHH BR SRS LAM AS XMP HA HAS PRVSLY B LAM ABV. (GS 11601(a)(2). he amount claimed may not exceed the remaining amount available under paragraph 1(b) which has not been used for other exemptions.) Market Value Lien Holder(s) Amt. Lien et Value (a) otal et Value of property claimed in paragraph 13. $ 0.00 (b) otal amount available from paragraph 1(b). $ 5,000.00 (c) Less amounts from paragraph 1(b) which were used in the following paragraphs: Paragraph 3(b) $ Paragraph 4(b) $ Paragraph 5(c) $ et Balance Available from paragraph 1(b) $ 5,000.00 otal et xemption $ 14. HR XMPS LAM R H LAWS F H SA F RH ARLA: ebtor earnings necessary to support family (all earnings from last 60 days),.. Gen. 0.00 Stat. 1362 State teacher retirement benefits,.. Gen. Stat. 1359 nknown AL VAL F PRPRY LAM AS XMP $ 0.00 15. XMPS LAM R BAKRPY FRAL LAW: escription: escription AL VAL F PRPRY LAM AS XMP $ 0.00 A January 15, 2008 /s/ Michael B. ifong Michael B. ifong ebtor Software opyright (c) 19962006 Best ase Solutions, nc. vanston, L (800) 4928037 Best ase Bankruptcy
}bk1{schedule reditors Holding Secured laims}bk{ B6 (fficial Form 6) (12/07) n re Michael B. ifong ebtor, ase o. SHL RRS HLG SR LAMS State the name, mailing address, including zip code, and last four digits of any account number of all entities holding claims secured by property of the debtor as of the date of filing of the petition. he complete account number of any account the debtor has with the creditor is useful to the trustee and the creditor and may be provided if the debtor chooses to do so. List creditors holding all types of secured interests such as judgment liens, garnishments, statutory liens, mortgages, deeds of trust, and other security interests. List creditors in alphabetical order to the extent practicable. f a minor child is a creditor, the child's initials and the name and address of the child's parent or guardian, such as "A.B., a minor child, by John oe, guardian." o not disclose the child's name. See, 11.S.. 112 and Fed. R. Bankr. P. 1007(m). f all secured creditors will not fit on this page, use the continuation sheet provided. f any entity other than a spouse in a joint case may be jointly liable on a claim, place an "X" in the column labeled "odebtor",include the entity on the appropriate schedule of creditors, and complete Schedule H odebtors. f a joint petition is filed, state whether the husband, wife, both of them, or the marital community may be liable on each claim by placing an "H", "W", "J", or "" in the column labeled "Husband, Wife, Joint, or ommunity". f the claim is contingent, place an "X" in the column labeled "ontingent". f the claim is unliquidated, place an "X" in the column labeled "nliquidated". f the claim is disputed, place an "X" in the column labeled "isputed". (You may need to place an "X" in more than one of these three columns.) otal the columns labeled "Amount of laim Without educting Value of ollateral" and "nsecured Portion, if Any" in the boxes labeled "otal(s)" on the last sheet of the completed schedule. Report the total from the column labeled "Amount of laim" also on the Summary of Schedules and, if the debtor is an individual with primarily consumer debts, report the total from the column labeled "nsecured Portion" on the Statistical Summary of ertain Liabilities and Related ata. heck this box if debtor has no creditors holding secured claims to report on this Schedule. RR'S AM A MALG ARSS LG ZP, A A MBR (See instructions above.) xxxxxx3192 2/07 State mployees redit nion Loan Administration P.. rawer 25279 Raleigh, 27611 B R Husband, Wife, Joint, or ommunity H W J A LAM WAS RR, AR F L, A SRP A VAL F PRPRY SBJ L first mortgage 615 ovember rive urham, 27712 G L Q A S P AM F LAM WH G VAL F LLARAL SR PR, F AY Value $ xxxxxx3190 3/07 235,000.00 100,57 0.00 State mployees redit nion Loan Administration P.. rawer 25279 Raleigh, 27611 second mortgage 615 ovember rive urham, 27712 xxxxxx1191 Value $ obligor only, wife's property 235,000.00 24,326.00 0.00 State mployees redit nion Loan Administration P.. rawer 25279 Raleigh, 27611 X 261 Scenic rail Fleetwood, 28624 Value $ 280,000.00 178,000.00 0.00 Value $ 0 continuation sheets attached Subtotal (otal of this page) 302,897.00 0.00 otal (Report on Summary of Schedules) 302,897.00 0.00 opyright (c) 19962007 Best ase Solutions vanston, L (800) 4928037 Best ase Bankruptcy
}bk1{schedule reditors Holding nsecured Priority laims}bk{ B6 (fficial Form 6) (12/07) n re Michael B. ifong ebtor, ase o. SHL RRS HLG SR PRRY LAMS A complete list of claims entitled to priority, listed separately by type of priority, is to be set forth on the sheets provided. nly holders of unsecured claims entitled to priority should be listed in this schedule. n the boxes provided on the attached sheets, state the name, mailing address, including zip code, and last four digits of the account number, if any, of all entities holding priority claims against the debtor or the property of the debtor, as of the date of the filing of the petition. se a separate continuation sheet for each type of priority and label each with the type of priority. he complete account number of any account the debtor has with the creditor is useful to the trustee and the creditor and may be provided if the debtor chooses to do so. f a minor child is a creditor, state the child's initials and the name and address of the child's parent or guardian, such as "A.B., a minor child, by John oe, guardian." o not disclose the child's name. See, 11.S.. 112 and Fed. R. Bankr. P. 1007(m). f any entity other than a spouse in a joint case may be jointly liable on a claim, place an "X" in the column labeled "odebtor," include the entity on the appropriate schedule of creditors, and complete Schedule Hodebtors. f a joint petition is filed, state whether the husband, wife, both of them, or the marital community may be liable on each claim by placing an "H," "W," "J," or "" in the column labeled "Husband, Wife, Joint, or ommunity." f the claim is contingent, place an "X" in the column labeled "ontingent." f the claim is unliquidated, place an "X" in the column labeled "nliquidated." f the claim is disputed, place an "X" in the column labeled "isputed." (You may need to place an "X" in more than one of these three columns.) Report the total of claims listed on each sheet in the box labeled "Subtotals" on each sheet. Report the total of all claims listed on this Schedule in the box labeled "otal" on the last sheet of the completed schedule. Report this total also on the Summary of Schedules. Report the total of amounts entitled to priority listed on each sheet in the box labeled "Subtotals" on each sheet. Report the total of all amounts entitled to priority listed on this Schedule in the box labeled "otals" on the last sheet of the completed schedule. ndividual debtors with primarily consumer debts report this total also on the Statistical Summary of ertain Liabilities and Related ata. Report the total of amounts not entitled to priority listed on each sheet in the box labeled "Subtotals" on each sheet. Report the total of all amounts not entitled to priority listed on this Schedule in the box labeled "otals" on the last sheet of the completed schedule. ndividual debtors with primarily consumer debts report this total also on the Statistical Summary of ertain Liabilities and Related ata. heck this box if debtor has no creditors holding unsecured priority claims to report on this Schedule. YPS F PRRY LAMS (heck the appropriate box(es) below if claims in that category are listed on the attached sheets) omestic support obligations laims for domestic support that are owed to or recoverable by a spouse, former spouse, or child of the debtor, or the parent, legal guardian, or responsible relative of such a child, or a governmental unit to whom such a domestic support claim has been assigned to the extent provided in 11.S.. 507(a)(1). xtensions of credit in an involuntary case laims arising in the ordinary course of the debtor's business or financial affairs after the commencement of the case but before the earlier of the appointment of a trustee or the order for relief. 11.S.. 507(a)(3). Wages, salaries, and commissions Wages, salaries, and commissions, including vacation, severance, and sick leave pay owing to employees and commissions owing to qualifying independent sales representatives up to $10,950* per person earned within 180 days immediately preceding the filing of the original petition, or the cessation of business, whichever occurred first, to the extent provided in 11.S.. 507(a)(4). ontributions to employee benefit plans Money owed to employee benefit plans for services rendered within 180 days immediately preceding the filing of the original petition, or the cessation of business, whichever occurred first, to the extent provided in 11.S.. 507(a)(5). ertain farmers and fishermen laims of certain farmers and fishermen, up to $5,400* per farmer or fisherman, against the debtor, as provided in 11.S.. 507(a)(6). eposits by individuals laims of individuals up to $2,425* for deposits for the purchase, lease, or rental of property or services for personal, family, or household use, that were not delivered or provided. 11.S.. 507(a)(7). axes and certain other debts owed to governmental units axes, customs duties, and penalties owing to federal, state, and local governmental units as set forth in 11.S.. 507(a)(8). ommitments to maintain the capital of an insured depository institution laims based on commitments to the F, R, irector of the ffice of hrift Supervision, omptroller of the urrency, or Board of Governors of the Federal Reserve System, or their predecessors or successors, to maintain the capital of an insured depository institution. 11.S.. 507 (a)(9). laims for death or personal injury while debtor was intoxicated laims for death or personal injury resulting from the operation of a motor vehicle or vessel while the debtor was intoxicated from using alcohol, a drug, or another substance. 11.S.. 507(a)(10). * Amounts are subject to adjustment on April 1, 2010, and every three years thereafter with respect to cases commenced on or after the date of adjustment. 1 continuation sheets attached opyright (c) 19962007 Best ase Solutions vanston, L (800) 4928037 Best ase Bankruptcy
B6 (fficial Form 6) (12/07) ont. n re Michael B. ifong ebtor, ase o. SHL RRS HLG SR PRRY LAMS (ontinuation Sheet) axes and ertain ther ebts wed to Governmental nits YP F PRRY RR'S AM, A MALG ARSS LG ZP, A A MBR (See instructions.) B R Husband, Wife, Joint, or ommunity H W J A LAM WAS RR A SRA FR LAM G L Q A S P AM F LAM AM L PRRY, F AY AM L PRRY urham ity/ounty ax ollector P.. Box 3397 urham, 27702 0.00 nternal Revenue Service Special Procedures Section 320 Federal Place Greensboro, 27401 epartment of Revenue P.. Box 1618 Raleigh, 27640 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Sheet 1 of 1 continuation sheets attached to Schedule of reditors Holding nsecured Priority laims Subtotal (otal of this page) otal (Report on Summary of Schedules) 0.00 0.00 0.00 0.00 0.00 0.00 opyright (c) 19962007 Best ase Solutions vanston, L (800) 4928037 Best ase Bankruptcy
}bk1{schedule F reditors Holding nsecured onpriority laims}bk{ B6F (fficial Form 6F) (12/07) n re Michael B. ifong ebtor, ase o. SHL F RRS HLG SR PRRY LAMS State the name, mailing address, including zip code, and last four digits of any account number, of all entities holding unsecured claims without priority against the debtor or the property of the debtor, as of the date of filing of the petition. he complete account number of any account the debtor has with the creditor is useful to the trustee and the creditor and may be provided if the debtor chooses to do so. f a minor child is a creditor, state the child's initials and the name and address of the child's parent or guardian, such as "A.B., a minor child, by John oe, guardian." o not disclose the child's name. See, 11.S.. 112 and Fed. R. Bankr. P. 1007(m). o not include claims listed in Schedules and. f all creditors will not fit on this page, use the continuation sheet provided. f any entity other than a spouse in a joint case may be jointly liable on a claim, place an "X" in the column labeled "odebtor," include the entity on the appropriate schedule of creditors, and complete Schedule H odebtors. f a joint petition is filed, state whether the husband, wife, both of them, or the marital community may be liable on each claim by placing an "H," "W," "J," or "" in the column labeled "Husband, Wife, Joint, or ommunity." f the claim is contingent, place an "X" in the column labeled "ontingent." f the claim is unliquidated, place an "X" in the column labeled "nliquidated." f the claim is disputed, place an "X" in the column labeled "isputed." (You may need to place an "X" in more than one of these three columns.) Report the total of all claims listed on this schedule in the box labeled "otal" on the last sheet of the completed schedule. Report this total also on the Summary of Schedules and, if the debtor is an individual with primarily consumer debts, report this total also on the Statistical Summary of ertain Liabilities and Related ata. heck this box if debtor has no creditors holding unsecured claims to report on this Schedule F. RR'S AM, MALG ARSS LG ZP, A A MBR (See instructions above.) Aaron Graves Associate Vice President for ampus Safety & Security, uke niv. 502 regon Street urham, 27705 B R Husband, Wife, Joint, or ommunity H W J A LAM WAS RR A SRA FR LAM. F LAM S SBJ SFF, S SA. G L Q A S P AM F LAM Adam Langley AA Larosse P.. Box 09555 urham, 27708 Barry. Scheck, squrie Attorney at Law 100 Fifth Avenue ew York, Y 10011 X S LY 0.00 Ben Koesterer AA Larosse P.. Box 09555 urham, 27708 20 continuation sheets attached X Subtotal (otal of this page) 3.00 opyright (c) 19962007 Best ase Solutions vanston, L (800) 4928037 S/:34312071227 Best ase Bankruptcy
B6F (fficial Form 6F) (12/07) ont. n re Michael B. ifong ebtor, ase o. SHL F RRS HLG SR PRRY LAMS (ontinuation Sheet) RR'S AM, MALG ARSS LG ZP, A A MBR (See instructions above.) B R Husband, Wife, Joint, or ommunity H W J A LAM WAS RR A SRA FR LAM. F LAM S SBJ SFF, S SA. G L Q A S P AM F LAM Benjamin W. Himan urham Police epartment 505 West hapel Hill Street urham, 27701 Beverly ouncil urham Police epartment 505 West hapel Hill Street urham, 27701 Bo arrington AA Larosse P.. Box 90555 urham, 27708 X Brad Ross AA Larosse P.. Box 09555 urham, 27708 X Breck Archer c/o Robert. kstrand, squire kstrand & kstrand 811 inth Street, Suite 260 urham, 27705 Sheet no. 1 of 20 sheets attached to Schedule of reditors Holding nsecured onpriority laims Subtotal (otal of this page) 30,000,000.00 30,000,004.00 opyright (c) 19962007 Best ase Solutions vanston, L (800) 4928037 Best ase Bankruptcy
B6F (fficial Form 6F) (12/07) ont. n re Michael B. ifong ebtor, ase o. SHL F RRS HLG SR PRRY LAMS (ontinuation Sheet) RR'S AM, MALG ARSS LG ZP, A A MBR (See instructions above.) B R Husband, Wife, Joint, or ommunity H W J A LAM WAS RR A SRA FR LAM. F LAM S SBJ SFF, S SA. G L Q A S P AM F LAM Bret hompson AA Larosse P.. Box 09555 urham, 27708 X asey arroll AA Larosse P.. Box 09555 urham, 27708 X 100.00 hris Loftus AA Larosse P.. Box 09555 urham, 27708 X hris kac AA Larosse P.. Box 09555 urham, 27708 X ollin Finnerty c/o harles evant V, squire Williams & onnolly 725 12th Street, W Washington, 20005 Sheet no. 2 of 20 sheets attached to Schedule of reditors Holding nsecured onpriority laims Subtotal (otal of this page) 30,000,000.00 30,000,103.00 opyright (c) 19962007 Best ase Solutions vanston, L (800) 4928037 Best ase Bankruptcy
B6F (fficial Form 6F) (12/07) ont. n re Michael B. ifong ebtor, ase o. SHL F RRS HLG SR PRRY LAMS (ontinuation Sheet) RR'S AM, MALG ARSS LG ZP, A A MBR (See instructions above.) B R Husband, Wife, Joint, or ommunity H W J A LAM WAS RR A SRA FR LAM. F LAM S SBJ SFF, S SA. G L Q A S P AM F LAM an Flannery AA Larosse P.. Box 09555 urham, 27708 X an Loftus AA Larosse P.. Box 09555 urham, 27708 X an ppedisano AA Larosse P.. Box 09555 urham, 27708 X an heodorisis AA Larosse P.. Box 09555 urham, 27708 X avid F. vans c/o harles evant V, squire Williams & onnolly 725 12th Street, W Washington, 20005 Sheet no. 3 of 20 sheets attached to Schedule of reditors Holding nsecured onpriority laims Subtotal (otal of this page) 30,000,000.00 30,000,004.00 opyright (c) 19962007 Best ase Solutions vanston, L (800) 4928037 Best ase Bankruptcy
B6F (fficial Form 6F) (12/07) ont. n re Michael B. ifong ebtor, ase o. SHL F RRS HLG SR PRRY LAMS (ontinuation Sheet) RR'S AM, MALG ARSS LG ZP, A A MBR (See instructions above.) B R Husband, Wife, Joint, or ommunity H W J A LAM WAS RR A SRA FR LAM. F LAM S SBJ SFF, S SA. G L Q A S P AM F LAM avid W. Addison urham Police epartment 505 West hapel Hill Street urham, 27701 A Security, nc. c/o W. Kearns avis, squire Brooks Pierce Law Firm P.. Box 26000 Greensboro, 27420 r. Brian Mechan c/o Paul R. ickinson, Jr., squire Lewis & Roberts 5960 Fairview Road, Suite 102 harlotte, 282103103 r. Julie. Manly 2460 urtis llis rive Rocky Mount, 27804 r. Larry Moneta Vice President for Student Affairs uke niversity P.. Box 90937 urham, 27708 Sheet no. 4 of 20 sheets attached to Schedule of reditors Holding nsecured onpriority laims Subtotal (otal of this page) 5.00 opyright (c) 19962007 Best ase Solutions vanston, L (800) 4928037 Best ase Bankruptcy
B6F (fficial Form 6F) (12/07) ont. n re Michael B. ifong ebtor, ase o. SHL F RRS HLG SR PRRY LAMS (ontinuation Sheet) RR'S AM, MALG ARSS LG ZP, A A MBR (See instructions above.) B R Husband, Wife, Joint, or ommunity H W J A LAM WAS RR A SRA FR LAM. F LAM S SBJ SFF, S SA. G L Q A S P AM F LAM r. Peter Lange Provost of uke niversity P.> Box 90005 urham, 27708 r. Richard H. Brodhead President of uke nivesity P.. Box 90001 urham, 27708 r. Stephen P. Bryan Associate ean fo Student evelopment uke niversity P.. Box 90946 urham, 27708 r. allman rask xecutive Vice President uke niversity P.. Box 90027 urham, 27708 r. Victor J. zau hancellor for Health Affairs uke niversity P.. Box 3701 M urham, 27710 Sheet no. 5 of 20 sheets attached to Schedule of reditors Holding nsecured onpriority laims Subtotal (otal of this page) 5.00 opyright (c) 19962007 Best ase Solutions vanston, L (800) 4928037 Best ase Bankruptcy