The Statement of Financial Affairs (Official Form 107) asks whether you’ve paid any of your creditors more than $600 in the 90 days before you filed your bankruptcy case. This is to make sure all of your creditors are treated fairly. The court uses this information to make sure that creditors in a Chapter 7 bankruptcy don’t receive more than their fair share.
If you paid more than $600 to one or more creditors in the last 90 days, you can still file Chapter 7 bankruptcy. Often, the payments listed here are for secured debts — like a car loan or mortgage — or non-dischargeable unsecured debts, like student loans and recent tax debts.