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This document is used to initiate a bankruptcy case in the United States Bankruptcy Court, including information about the debtor and the type of bankruptcy being filed.
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Begin by downloading the B1 (Official Form 1) (1/08) from the official website or obtain a printed copy.
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B1 (Official Form 1) (1/08) is the official bankruptcy petition form used in the United States to initiate a bankruptcy case under Title 11 of the U.S. Code.
Individuals or entities seeking to declare bankruptcy, including Chapter 7 or Chapter 11 filings, are required to file B1 (Official Form 1) (1/08).
To fill out B1 (Official Form 1) (1/08), one must provide personal information, details about assets, liabilities, income, and expenses, and ensure that all required sections are completed accurately.
The purpose of B1 (Official Form 1) (1/08) is to provide a structured format for individuals or businesses to file for bankruptcy, detailing their financial situation and initiating the legal bankruptcy process.
Information that must be reported includes the debtor's name, address, social security number, details of assets, debts, and the nature of the financial difficulties that led to the bankruptcy filing.
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