Get the free Chapter 13 Voluntary Petition - Forms

CHAPTER 13 VOLUNTARY PETITION United States Bankruptcy Court Middle District of North Carolina IN RE(Name of debtor If individual, enter Last, First, Middle) NAME OF JOINT DEBTOR (Spouse)(Last, First,

How to fill out chapter 13 voluntary petition

How to fill out Chapter 13 voluntary petition:

1. Gather all necessary documents and information such as financial statements, tax returns, proof of income, and a list of assets and debts.
2. Consult with an attorney specializing in bankruptcy law to ensure you meet the eligibility requirements for Chapter 13 bankruptcy and to guide you through the process.
3. Start by completing the official Chapter 13 bankruptcy petition form. Provide accurate and complete information about your personal details, including your name, address, and social security number.
4. Disclose all sources of income, including wages, investments, and any other sources. This will help determine your ability to create a repayment plan.
5. List all your assets, including property, vehicles, and personal belongings, along with their estimated value. Be sure to also disclose any debts or liabilities you have.
6. Prepare a detailed summary of your current monthly income and living expenses. This will help calculate your disposable income, which determines the repayment amount in the Chapter 13 plan.
7. Complete the schedules required by the bankruptcy court, including Schedule A (real property), Schedule B (personal property), Schedule C (exemptions), and Schedule J (expenses).
8. Provide accurate and honest information while answering questions about any previous bankruptcy filings and current financial transactions.
9. Once you have completed the petition, review it carefully to ensure accuracy and completeness. Sign and date the document.
10. Submit the completed Chapter 13 voluntary petition and accompanying documents to the bankruptcy court along with the appropriate filing fees.

Who needs Chapter 13 voluntary petition?

1. Individuals who have a regular income and want to restructure their debts to pay them off over a three to five-year period.
2. Those who are behind on mortgage or car payments and want to avoid foreclosure or repossession.
3. Debtors with excessive debt but have enough income to repay a portion of it.
4. People who want to protect certain assets, such as a home, from being liquidated in a Chapter 7 bankruptcy.
5. Individuals who do not qualify for Chapter 7 bankruptcy due to income limitations.
6. Debtors seeking to stop collection actions, such as wage garnishment or lawsuits, through the automatic stay provided by filing for bankruptcy.
7. Those who need time and a structured plan to catch up on past due debts while still maintaining their regular monthly expenses.

For pdfFiller’s FAQs

What is chapter 13 voluntary petition?

Chapter 13 voluntary petition is a bankruptcy filing that allows individuals with regular income to create a plan to repay all or part of their debts over three to five years.

Who is required to file chapter 13 voluntary petition?

Individuals who have a regular income and unsecured debts less than $419,275 and secured debts less than $1,257,850 are required to file chapter 13 voluntary petition.

How to fill out chapter 13 voluntary petition?

Chapter 13 voluntary petition can be filled out with the assistance of an attorney or by following the instructions provided on the official bankruptcy forms.

What is the purpose of chapter 13 voluntary petition?

The purpose of chapter 13 voluntary petition is to provide individuals with a structured way to repay their debts over time while keeping their assets.

What information must be reported on chapter 13 voluntary petition?

Chapter 13 voluntary petition must include detailed information about the debtor's income, expenses, assets, and debts.

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