---
title: "Build a first-day list of creditors and claimed security interests"
url: "https://ailawframework.com/practice/insolvency-restructuring-and-bankruptcy/build-a-first-day-creditors-and-security-interest-map/united-states"
type: "task_jurisdiction_version"
site: "AI Law Framework"
id: "A8-A20260923-1-US"
practice_area: "Insolvency, Restructuring & Bankruptcy"
tier: "yellow"
lawyer_review: "required"
jurisdictions: ["US"]
last_reviewed: "2026-10-22"
---

# Build a first-day list of creditors and claimed security interests

> From the books the lawyer supplies, list each creditor, the amount the books state, and any document that claims a security interest, quoting the collateral description in that document.…

Canonical page: https://ailawframework.com/practice/insolvency-restructuring-and-bankruptcy/build-a-first-day-creditors-and-security-interest-map/united-states  
Last reviewed: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Insolvency, Restructuring & Bankruptcy](https://ailawframework.com/practice/insolvency-restructuring-and-bankruptcy.md) |
| Human involvement | Yellow: Lawyer and AI draft together |
| How AI is used | From the books the lawyer supplies, list each creditor, the amount the books state, and any document that claims a security interest, quoting the collateral description in that document. Do not fill a schedule and do not say an interest is perfected. |
| What the lawyer must review | 11 U.S.C. § 521(a)(1) requires the debtor to file a list of creditors and, unless the court orders otherwise, a schedule of assets and liabilities, a schedule of current income and current expenditures, a statement of financial affairs (and the § 342(b) certificate when that section applies), copies of payment advices or other evidence of payment received within 60 days before the petition from any employer, a statement of monthly net income, and a statement of any reasonably anticipated increase in income or expenditures over the 12 months after filing. The lawyer prepares those papers. Bankruptcy Rule 9011(b) is the certification when a petition, pleading, written motion, or other document is presented. Rule 9011(a) excepts a list, schedule, or statement from the signature requirement. The tool still writes none of the filed schedule. Perfection of a security interest is state commercial law, and that statute was not opened. |
| Written for | United States |
| Applies to | [Build a first-day creditors and security-interest map](https://ailawframework.com/practice/insolvency-restructuring-and-bankruptcy/build-a-first-day-creditors-and-security-interest-map.md) |

## Checking plan

- What the AI does: From the books the lawyer supplies, list each creditor, the amount the books state, and any document that claims a security interest, quoting the collateral description in that document. Do not fill a schedule and do not say an interest is perfected.
- Basis: Checked against the linked sources on 22 October 2026. Confirm the current instrument before reliance.

## Notes

- The filing deadline for the schedules is in the Bankruptcy Rules. Rule 1007 was not opened. Do not invent a number of days.
- A financing statement’s legal effect is a state UCC question. The list quotes the document only.
- Formal Opinion 512: creditor lists and account numbers stay in a confidential tool.

## Sources

- [11 U.S.C. § 521, debtor’s duties](https://www.law.cornell.edu/uscode/text/11/521) (checked 2026-10-22)
- [Federal Rule of Bankruptcy Procedure 9011](https://www.law.cornell.edu/rules/frbp/rule_9011) (checked 2026-10-22)
- [ABA Formal Opinion 512, Generative Artificial Intelligence Tools (29 July 2024)](https://www.americanbar.org/content/dam/aba/administrative/professional_responsibility/ethics-opinions/aba-formal-opinion-512.pdf) (checked 2026-10-22)

## Forms and precedents for this task

| Form or precedent | Kind | AI level | Summary |
| --- | --- | --- | --- |
| [ASIC Form 507: report on company activities and property](https://ailawframework.com/precedents/insolvency-restructuring-and-bankruptcy/form-asic-507-report-company-activities.md) | Form | Yellow | Link to ASIC Form 507, the report on company activities and property at the start of an external administration. Part B is not part of the form and is not lodged. |
| [Letter proposing relief from the automatic stay](https://ailawframework.com/precedents/insolvency-restructuring-and-bankruptcy/us-relief-from-stay-proposal.md) | Letter | Yellow | A letter to debtor's counsel about a possible motion for relief from the automatic stay. It asks about consent or adequate protection. It does not demand payment or possession. |
| [Restructuring creditor classification sheet](https://ailawframework.com/precedents/insolvency-restructuring-and-bankruptcy/restructuring-creditor-classification.md) | Form | Yellow | Sheet for sorting creditors of a company in small business restructuring into affected creditors, excluded creditors and admissible debts, as ASIC describes those terms. |

Signed-in accounts can read the full text of each one.

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*