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This document is a voluntary petition for bankruptcy filed under Chapter 11 by Royal Furniture Outlet, Inc. in the United States Bankruptcy Court for the Eastern District of Pennsylvania.
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How to fill out Case 12-17891-mdc B1 (Official Form 1)(12/11)
01
Gather all necessary personal information, including your name, address, and social security number.
02
Provide details about your financial situation, including income, expenses, and debts.
03
Complete the sections on your creditors, listing all individuals and organizations you owe money to.
04
Fill out the asset section, detailing all valuable property you own.
05
Review the form for accuracy and completeness.
06
Sign and date the form at the designated areas.
Who needs Case 12-17891-mdc B1 (Official Form 1)(12/11)?
01
Individuals or businesses filing for bankruptcy protection seeking to officially document their case.
02
Creditors who are interested in understanding the financial situation of the debtor.
03
Lawyers representing clients in a bankruptcy situation.
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People Also Ask about
What qualifies you for Chapter 13?
To qualify for Chapter 13, you must have regular income, have filed all required tax returns for tax periods ending within four years of your bankruptcy filing and meet other requirements set forth in the bankruptcy code.
Are you eligible to file a case under chapter 13 11 USC 109 E?
Chapter 13 Eligibility Any individual, even if self-employed or operating an unincorporated business, is eligible for chapter 13 relief as long as the individual's unsecured debts are less than $526,700 and secured debts are less than $1,580,125 as of the date of filing for bankruptcy relief. 11 U.S.C. § 109(e).
Who Cannot file Chapter 11?
An individual cannot file under chapter 11 or any other chapter if, during the preceding 180 days, a prior bankruptcy petition was dismissed due to the debtor's willful failure to appear before the court or comply with orders of the court, or was voluntarily dismissed after creditors sought relief from the bankruptcy
What is a voluntary petition for Chapter 11?
The voluntary petition will include standard information concerning the debtor's name(s), social security number or tax identification number, residence, location of principal assets (if a business), the debtor's plan or intention to file a plan, and a request for relief under the appropriate chapter of the Bankruptcy
Under what circumstances may a court dismiss a debtor's Chapter 13 petition?
Early on, Chapter 13 and Chapter 7 cases may be dismissed for similar reasons, almost all of them procedural: Failure to pay the court filing fee; improper preparation for, or failure to attend, the meeting of creditors; failure to attend the required financial management course; failure to file all required bankruptcy
What makes you ineligible for Chapter 13?
If you have had debts discharged in a Chapter 13 Bankruptcy within the last two years, you are not eligible to file for Chapter 13. Likewise, if you have had debts discharged in a Chapter 7 Bankruptcy within the last four years, you are ineligible for Chapter 13.
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What is Case 12-17891-mdc B1 (Official Form 1)(12/11)?
Case 12-17891-mdc B1 (Official Form 1)(12/11) is a bankruptcy petition form used in the United States for individuals or businesses to file for Chapter 11 bankruptcy protection under the federal bankruptcy code.
Who is required to file Case 12-17891-mdc B1 (Official Form 1)(12/11)?
Individuals or entities seeking bankruptcy relief under Chapter 11 of the Bankruptcy Code are required to file this form. This includes businesses, partnerships, and individuals whose debts exceed a certain threshold.
How to fill out Case 12-17891-mdc B1 (Official Form 1)(12/11)?
To fill out the form, one must provide personal or business details, including information on debts, assets, income, and monthly expenses. It's recommended to consult legal guidance or use bankruptcy software for accuracy.
What is the purpose of Case 12-17891-mdc B1 (Official Form 1)(12/11)?
The purpose of the form is to initiate the bankruptcy process by formally notifying the court of a debtor's intent to reorganize debts, and to provide necessary financial information for the court's evaluation.
What information must be reported on Case 12-17891-mdc B1 (Official Form 1)(12/11)?
The form requires detailed information about the debtor's identity, type of business, assets, liabilities, current income, expenses, and prior bankruptcy filings, among other relevant financial information.
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