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UNITED STATES BANKRUPTCY COURT DISTRICT OF OREGON In re))))))) Debtor(s) Case No. APPLICATION FOR CHAPTER 12 (Mark One) INITIAL SUPPLEMENTAL/ADDITIONAL COMPENSATION OF ATTORNEY FOR DEBTOR The applicant,

How to fill out application for chapter 12

How to fill out an application for Chapter 12:

Gather necessary documentation:

1. Collect all relevant financial records, including income statements, tax returns, and balance sheets.
2. Compile a list of creditors and their respective claims.
3. Document any ongoing litigation or pending lawsuits.

Consult with an attorney:

1. Seek legal advice from a bankruptcy attorney who specializes in Chapter 12 cases.
2. Discuss your specific financial situation and determine if Chapter 12 is the appropriate bankruptcy option for you.
3. The attorney will guide you through the application process and ensure all required information is included.

Download or obtain the official application form:

1. Visit the website of your local bankruptcy court or contact their office to request a copy of the Chapter 12 application form.
2. Ensure that you are using the most up-to-date version of the form.

Fill out the application form:

1. Read the instructions carefully to understand each section and the information required.
2. Provide accurate and complete details about your assets, liabilities, income, expenses, and any relevant financial transactions.
3. Attach any supporting documentation as specified in the form.

Double-check the application:

1. Review the completed application form thoroughly to ensure all questions have been answered.
2. Verify the accuracy of the information provided and make any necessary corrections.
3. Pay attention to deadlines for submission.

Submit the application:

1. Make copies of the completed application form and all supporting documents for your records.
2. File the original application with the bankruptcy court clerk.
3. Pay any applicable filing fees as required by the court.

Who needs an application for Chapter 12:

Farmers and fishermen:

1. Chapter 12 bankruptcy is specifically designed to assist family farmers and fishermen who are experiencing financial distress.
2. It provides a structured repayment plan and potential debt relief for individuals engaged in these specific industries.
3. Therefore, those who work in farming or fishing and are facing financial challenges may need to submit an application for Chapter 12.

Individuals with regular annual income:

1. Unlike other bankruptcy chapters that are more suitable for corporations or individuals without a consistent income, Chapter 12 is intended for individuals with regular annual income from farming or fishing activities.
2. If you fall into this category and are struggling financially, you may need to complete an application for Chapter 12 to seek relief under the bankruptcy code.

In summary, to fill out an application for Chapter 12, gather the necessary documentation, consult with an attorney, obtain the official application form, fill it out accurately, double-check for completeness, submit the application to the bankruptcy court clerk, and pay any required fees. Those in the farming or fishing industry who have regular annual income and are facing financial difficulties are the ones who typically need to fill out this application.

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What is application for chapter 12?

Chapter 12 bankruptcy is designed for family farmers or family fishermen to reorganize their debts.

Who is required to file application for chapter 12?

Family farmers or family fishermen are required to file for chapter 12 bankruptcy.

How to fill out application for chapter 12?

To fill out an application for chapter 12, individuals must provide information about their financial situation, assets, debts, and proposed repayment plan.

What is the purpose of application for chapter 12?

The purpose of the application for chapter 12 is to allow family farmers and family fishermen to reorganize their debts and repay creditors over time.

What information must be reported on application for chapter 12?

Information that must be reported on the application for chapter 12 includes details about assets, debts, income, expenses, and a proposed repayment plan.