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This document is a voluntary petition filed by KidsPeace National Centers of Georgia, Inc. in the United States Bankruptcy Court seeking relief under Chapter 11 of the Bankruptcy Code.
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People Also Ask about

Chapter 7 – See Bankruptcy Code Section 707 – Because a trustee is appointed, the trustee may file an objection to a request for voluntary dismissal, and a hearing is required. Chapter 11 – See Bankruptcy Code Section 1112 – A debtor's request to dismiss requires a motion and an opportunity for a hearing.
This is typically initiated when creditors have determined that the debtor is unable to meet their financial obligations in repaying the debts to the creditors, and bankruptcy is the best option to recover those debts.
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
A voluntary petition is a bankruptcy filing initiated by the debtor, while an involuntary petition is filed by the debtor's creditors. A voluntary petition is a more common filing and allows the debtor to choose the type of bankruptcy and the applicable chapter.

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B1 (Official Form 1)(12/11) is the official petition form used for filing a bankruptcy case under Title 11 of the United States Code.
Individuals or entities that wish to seek relief under bankruptcy laws are required to file B1 (Official Form 1)(12/11) as part of their bankruptcy petition.
To fill out B1 (Official Form 1)(12/11), individuals must provide personal information, details about their creditors, and disclose assets, liabilities, income, and expenses as required in the form.
The purpose of B1 (Official Form 1)(12/11) is to initiate bankruptcy proceedings and provide the bankruptcy court with essential information regarding the debtor's financial situation.
The information that must be reported on B1 (Official Form 1)(12/11) includes the debtor's name, address, social security number, the type of bankruptcy being filed, and a list of creditors, among other financial details.
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