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Official Form 101 Voluntary Petition for Individuals Filing for Bankruptcy×12/15 The bankruptcy forms use you and Debtor 1 to refer to a debtor filing alone. A married couple may file a bankruptcy
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A voluntary petition for individuals is a legal document filed by an individual who is seeking bankruptcy protection under Chapter 7 or Chapter 13 of the Bankruptcy Code.
Individuals who are unable to repay their debts may choose to file a voluntary petition for bankruptcy protection.
To fill out a voluntary petition for individuals, one must provide detailed information about their financial situation, assets, liabilities, income, expenses, and more.
The purpose of a voluntary petition for individuals is to seek relief from overwhelming debt and to potentially have debts discharged or reorganized through the bankruptcy process.
Information such as income, expenses, assets, liabilities, creditors, contracts, leases, and more must be reported on a voluntary petition for individuals.
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