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This document serves as a voluntary petition filed by Express Energy Services Operating, LP in the United States Bankruptcy Court for Chapter 11 bankruptcy, detailing the debtor's information, assets,
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How to fill out voluntary petition
How to fill out Voluntary Petition
01
Gather all necessary financial documents such as income statements, expenses, debts, and assets.
02
Obtain the official form for the Voluntary Petition from your local bankruptcy court or website.
03
Fill out the debtor information section with your personal identifying information.
04
Provide details about your financial status, including income sources, monthly expenses, and total debts.
05
List all your assets, including real estate, vehicles, bank accounts, and personal property.
06
Specify any previous bankruptcy filings and their outcomes, if applicable.
07
Sign and date the petition, ensuring all information is accurate and complete.
08
File the petition with the bankruptcy court and pay any required filing fees.
09
Provide copies of the petition to all creditors listed in the document.
Who needs Voluntary Petition?
01
Individuals or married couples who are unable to pay their debts.
02
Borrowers facing significant financial distress, foreclosure, or eviction.
03
People seeking to eliminate unsecured debts such as credit card bills or medical expenses.
04
Those looking for a structured way to repay debts through a repayment plan.
05
Individuals seeking a fresh financial start under bankruptcy laws.
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People Also Ask about
What is the difference between a voluntary petition and an involuntary petition?
A petition may be a voluntary petition, which is filed by the debtor, or it may be an involuntary petition, which is filed by creditors that meet certain requirements.
Who can file an involuntary petition?
A petitioning creditor is qualified to file an involuntary petition if they hold a claim against the debtor that is not contingent as to liability or the subject of a bona fide dispute regarding the liability or its amount, ing to the Bankruptcy Code.
What is an involuntary petition?
A petitioning creditor is qualified to file an involuntary petition if they hold a claim against the debtor that is not contingent as to liability or the subject of a bona fide dispute regarding the liability or its amount, ing to the Bankruptcy Code.
What is a voluntary petition in Chapter 7?
A voluntary petition is a more common filing and allows the debtor to choose the type of bankruptcy and the applicable chapter. In contrast, an involuntary petition is filed when the debtor is unable to pay its debts, and its creditors seek to force the debtor into bankruptcy. Overview of Bankruptcy Chapters.
What is the difference between voluntary and involuntary petition?
Voluntary bankruptcy is a bankruptcy proceeding commenced by the debtor ; bankruptcy instituted by an adjudication upon a debtor's petition. Involuntary bankruptcy, on the other hand, is a bankruptcy case initiated by a debtor's creditors .
What is the difference between a voluntary petition and an involuntary petition?
Voluntary Petition vs. Involuntary Petition 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.
Why would an unsecured creditor want to file an involuntary petition against a debtor?
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.
What is an involuntary proceeding?
When a creditor has made several attempts to collect a debt, but there has been no response from the debtor, they may have no choice but to sue them into bankruptcy.
What is a voluntary petition?
A Voluntary Petition is a document that initiates the filing of a bankruptcy proceeding, setting forth basic information regarding the debtor(s), including name(s), address(es), chapter under which the case is filed, and estimated amount of assets and liabilities.
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What is Voluntary Petition?
A Voluntary Petition is a legal document filed by an individual or business seeking relief under bankruptcy laws, which initiates the bankruptcy process.
Who is required to file Voluntary Petition?
Any individual, partnership, or corporation that is unable to pay their debts can file a Voluntary Petition to seek relief through bankruptcy proceedings.
How to fill out Voluntary Petition?
To fill out a Voluntary Petition, one must provide relevant personal or business information, including details about debts, assets, income, and expenses, then sign the document before submission to the bankruptcy court.
What is the purpose of Voluntary Petition?
The purpose of a Voluntary Petition is to formally request relief from creditors, allowing the debtor to organize their financial affairs and obtain a fresh start under bankruptcy protection.
What information must be reported on Voluntary Petition?
The Voluntary Petition must report information such as the debtor's name, address, type of entity (individual or business), income, the nature and amount of debts, and any other required financial disclosures.
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