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This document is used to initiate a voluntary bankruptcy case under the U.S. Bankruptcy Code, detailing the debtor's identification, financial situation, and the type of bankruptcy being filed.
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How to fill out B1 (Official Form 1)
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Obtain the B1 form from the appropriate authority or website.
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Enter your personal information in the designated sections, including your name, address, and contact details.
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Provide necessary details about your application or request, ensuring all required fields are completed.
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People Also Ask about
What paperwork do you need for Chapter 13?
In addition to obtaining your credit report, you will need the following documents: Tax returns for the past four years. Paystubs or other proof of income for the last six months before filing. Bank account statements from the past 3–6 months.
Can I do my own Chapter 13?
Individuals can file bankruptcy without an attorney, which is called filing pro se. However, seeking the advice of a qualified attorney is strongly recommended because bankruptcy has long-term financial and legal outcomes.
What is Schedule I and J in Chapter 7?
We'll use a variety of forms to do this, and on Schedules I and J, we'll tell the court about all of your income and expenses, which will help the court determine if you're filing the correct chapter of bankruptcy. This information will be used to conduct the means test to see if you qualify for a Chapter 7.
What disqualifies you from Chapter 13?
Excessive income (for Chapter 13) Chapter 13 bankruptcy requires debtors to have a regular income and adhere to repayment plans. However, if your income is too high relative to your debts, the court may determine that you're not eligible to restructure your debts under this chapter.
How much does it cost to start a Chapter 13?
See Important Information Regarding Filing Fees for Self-Represented Litigants: New Petitions: Chapter 9 $1,738.00 Chapter 11 $1,738.00 Chapter 12 (Family Farmer) $278.00 Chapter 13 $313.0050 more rows
What forms do I need to file chapter 13?
Mandatory Forms for Chapter 13 Bankruptcy 101 Voluntary Petition for Individuals Filing for Bankruptcy. 106Dec Declaration About an Individual Debtor's Schedules. 106Sum Summary of Your Assets and Liabilities and Certain Statistical Information. 106A/B Schedule A/B: Property.
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What is B1 (Official Form 1)?
B1 (Official Form 1) is the official form used to initiate a bankruptcy case in the United States. It is the basic petition that individuals or businesses must file to commence the bankruptcy process.
Who is required to file B1 (Official Form 1)?
Individuals, partnerships, and corporations seeking to declare bankruptcy must file B1 (Official Form 1) as part of their bankruptcy petition.
How to fill out B1 (Official Form 1)?
To fill out B1 (Official Form 1), the filer must provide personal information such as name, address, and Social Security number, as well as information about debts, income, and assets. The form must be completed accurately and signed before submission to the bankruptcy court.
What is the purpose of B1 (Official Form 1)?
The purpose of B1 (Official Form 1) is to formally notify the bankruptcy court of an individual's or entity's intention to file for bankruptcy, and to provide essential information that will guide the court in processing the case.
What information must be reported on B1 (Official Form 1)?
B1 (Official Form 1) requires the reporting of various information, including the name and address of the debtor, the type of bankruptcy being filed (Chapter 7, Chapter 11, etc.), a list of creditors, a statement of financial affairs, and details about the debtor's assets and liabilities.
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