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Case 1811120Doc 1Filed 05/10/18Page 1 of 19Fill in this information to identify your case: United States Bankruptcy Court for the: DISTRICT OF DELAWARE Case number (if known)Chapter11 Check if this

How to fill out voluntary petition for non-individuals

How to fill out voluntary petition for non-individuals

1. Step 1: Gather all necessary documentation and information, including the name and address of the non-individual entity, its type of organization (e.g. corporation, partnership, LLC), and its federal tax identification number.
2. Step 2: Download or obtain the appropriate voluntary petition form for non-individuals. This form may vary depending on your jurisdiction. Make sure to use the latest version of the form provided by the court.
3. Step 3: Carefully read the instructions accompanying the form to understand the required information and any specific requirements for filling out the voluntary petition.
4. Step 4: Complete the voluntary petition form by entering the requested information accurately. Provide all necessary details about the non-individual entity, its financial information, and its debts.
5. Step 5: Attach any required supporting documents to the petition. These may include financial statements, balance sheets, income statements, and any relevant contracts or agreements.
6. Step 6: Review the completed petition for accuracy and completeness. Double-check all the entered information and verify that all supporting documents are included.
7. Step 7: Sign and date the voluntary petition. If you are filing on behalf of the non-individual entity, make sure to indicate your authority to do so.
8. Step 8: File the completed voluntary petition with the appropriate bankruptcy court. Pay any required filing fees and obtain a proof of filing receipt.
9. Step 9: Serve a copy of the filed voluntary petition to all relevant parties, such as creditors and stakeholders of the non-individual entity. Follow the service requirements specified by the court.
10. Step 10: Attend any scheduled court hearings or meetings as required by the court. Cooperate with the bankruptcy trustee and provide any additional information or documents as requested.
11. Step 11: Follow the bankruptcy process and comply with any orders or instructions issued by the court throughout the duration of the case.
12. Step 12: Seek legal advice from a bankruptcy attorney if you have any questions or concerns during the process.

Who needs voluntary petition for non-individuals?

1. Non-individual entities, such as corporations, partnerships, limited liability companies (LLCs), and other business organizations, may need to file a voluntary petition for bankruptcy if they are facing financial distress and unable to pay their debts. This can be a strategic decision to reorganize the business, seek debt relief, or liquidate assets to satisfy creditors' claims. The need for a voluntary petition for non-individuals is typically based on their specific financial circumstances and the advice of legal counsel.

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