Schedule B - Personal Property
Schedule C - Property Claimed as Exempt
Schedule D - Creditors Holding Secured Claims
Schedule E - Creditors Holding Unsecured Priority Claims
Schedule F - Creditors Holding Unsecured Nonpriority Claims
Schedule G - Executory Contracts and Unexpired Leases
Schedule I - Current Income of Individual Debtor(s)
Schedule J- Current Expenditures of Individual Debtor(s)
Summary of Schedules (Includes Statistical Summary of Certain Liabilities)
View AllA deferral is a term that is usually applied in financial practices, particularly for loans, debts, and credit cards. To defer a loan or payment simply means to postpone the actual time in which is repayment is to be made.
The process for a deferral will differ depending on the financial institution. In some cases, a deferral may not be granted because it is simply not offered by the financial institution, or the applicant for a deferral does not meet the imposed criteria and qualifications to defer payments on a loan.
For example, the United States Federal Student Loans will offer a deferral period for recent college graduates, typically a total of six months after the date of graduation. However, in certain circumstances, a student may have difficulty making the payments for the loan. Certain Federal Student Loans will offer for a deferral period, depending on certain criteria, such as unemployment or overall financial hardship.
NEXT: Bankruptcy Laws