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Case 2130923 Document 107 Filed in TSB on 03/30/21-Page 1 of 30UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF TEXAS HOUSTON DIVISION In re: GIDDY ENERGY LLC,1 Debtor.) ))))))ENTERED 03/30/2021Chapter

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How to fill out voluntary petition for non-individuals

01

Step 1: Start by identifying the type of non-individual entity that needs to file a voluntary petition. This can include corporations, partnerships, limited liability companies, and other similar entities.

02

Step 2: Obtain the necessary forms for a voluntary petition for non-individuals. These forms can typically be found on the website of the relevant bankruptcy court.

03

Step 3: Fill out the required information on the forms, which may include the name and address of the non-individual entity, the type of bankruptcy being sought, and a statement of financial affairs.

04

Step 4: Attach any necessary supporting documentation, such as financial statements, tax returns, or a list of creditors.

05

Step 5: Review the completed petition for accuracy and completeness, making any necessary edits or additions.

06

Step 6: Sign and date the petition, certifying that the information provided is true and accurate to the best of your knowledge.

07

Step 7: File the completed petition and any supporting documents with the appropriate bankruptcy court.

08

Step 8: Pay the required filing fee, if applicable.

09

Step 9: Serve notice of the bankruptcy filing to all creditors and other interested parties, as required by the bankruptcy rules.

10

Step 10: Attend any necessary bankruptcy hearings or meetings, as directed by the court.

11

Step 11: Cooperate with the bankruptcy trustee and provide any additional information or documentation as requested.

12

Step 12: Follow any orders or instructions issued by the court throughout the bankruptcy process.

13

Step 13: Complete any necessary post-bankruptcy requirements, such as attending financial management courses or filing required reports.

14

Step 14: Work towards the successful resolution of the bankruptcy case, which may include liquidation, reorganization, or other outcomes.

Who needs voluntary petition for non-individuals?

01

Non-individual entities such as corporations, partnerships, limited liability companies, and similar entities that find themselves in financial distress and are unable to meet their debt obligations may need to file a voluntary petition for bankruptcy. This can provide them with the opportunity to reorganize their finances, obtain relief from creditor actions, and potentially repay their debts over time. Filing a voluntary petition can also be a strategic decision to protect the rights and interests of the entity's owners or stakeholders.

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What is voluntary petition for non-individuals?

Voluntary petition for non-individuals is a legal document filed by a corporation, partnership, or other entity seeking bankruptcy protection.

Who is required to file voluntary petition for non-individuals?

Non-individual entities such as corporations, partnerships, and other business entities are required to file voluntary petition for non-individuals.

How to fill out voluntary petition for non-individuals?

Voluntary petition for non-individuals must be filled out accurately and completely with all required information regarding the entity's financial situation and reasons for seeking bankruptcy protection.

What is the purpose of voluntary petition for non-individuals?

The purpose of voluntary petition for non-individuals is to initiate the bankruptcy process and provide the entity with relief from creditors while a reorganization or liquidation plan is developed.

What information must be reported on voluntary petition for non-individuals?

Information such as the entity's financial situation, assets, liabilities, creditors, and proposed plan for reorganization or liquidation must be reported on voluntary petition for non-individuals.

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