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This document is used to initiate a bankruptcy case in the United States Bankruptcy Court, providing details about the debtor, including personal information, type of debt, and the nature of the bankruptcy
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People Also Ask about
Can you file Chapter 7 without filing taxes?
After you submit the Proof of Claim, the claim number will display with a link to the electronically file-stamped proof of claim. The claim will be file stamped as of the entry date. Just print or save a copy of the claim.
What happens if you don't file a proof of claim?
There isn't a rule stating that your tax returns must be current upon filing Chapter 7. However, you must provide your assigned trustee with a copy of your last filed return and accurate financial information. Your trustee will verify if your tax returns support the financial information you provided.
Do you have to file a proof of claim in Chapter 7?
Generally speaking, in a Chapter 7 or Chapter 13 case, a proof of claim must be filed no later than 70 days after the case is filed. In Chapter 11 cases, the bar date may depend on local practice or court order, and the amount of time provided to file a proof of claim can vary.
Why would a creditor not file a proof of claim?
Identify how the debtor came to owe the debt to the creditor here. Documents supporting the debt owed should be attached to and filed with the proof of claim (for example, a promissory note, financing agreement, lease, or a judgment).
Do you file a proof of claim in a Chapter 7?
Generally speaking, in a Chapter 7 or Chapter 13 case, a proof of claim must be filed no later than 70 days after the case is filed. In Chapter 11 cases, the bar date may depend on local practice or court order, and the amount of time provided to file a proof of claim can vary.
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What is B1 (Official Form 1) (4/10)?
B1 (Official Form 1) is the official bankruptcy petition form used in the United States for individuals or entities to file for bankruptcy protection under Title 11 of the United States Code.
Who is required to file B1 (Official Form 1) (4/10)?
Individuals or businesses wishing to declare bankruptcy in the United States must file B1 (Official Form 1) as part of their bankruptcy petition.
How to fill out B1 (Official Form 1) (4/10)?
To fill out B1, individuals must provide personal and financial information, including their name, address, and details of their debts and assets. The form should be completed carefully, ensuring accuracy and completeness.
What is the purpose of B1 (Official Form 1) (4/10)?
The purpose of B1 (Official Form 1) is to formally initiate the bankruptcy process, allowing the debtor to seek relief from debts and to reorganize or discharge obligations under the bankruptcy code.
What information must be reported on B1 (Official Form 1) (4/10)?
B1 requires the reporting of the debtor's name, address, and social security number, as well as information about the type of bankruptcy being filed, a general description of debts, and other pertinent financial details.
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