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This document is a voluntary petition for bankruptcy filed in the United States Bankruptcy Court for the Western District of North Carolina by Metrolina Properties Limited Partnership, detailing the
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How to fill out B1 (Official Form 1)(4/10)
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What is B1 (Official Form 1)(4/10)?
B1 (Official Form 1)(4/10) is the official form used for filing a bankruptcy petition in the United States. It initiates the bankruptcy process by providing the court with the necessary details about the debtor's financial situation.
Who is required to file B1 (Official Form 1)(4/10)?
Individuals or entities who are seeking bankruptcy relief under Chapter 7, Chapter 11, or Chapter 13 of the Bankruptcy Code are required to file B1 (Official Form 1)(4/10), including individuals, corporations, partnerships, and other types of business entities.
How to fill out B1 (Official Form 1)(4/10)?
To fill out B1 (Official Form 1)(4/10), the filer must provide personal information including their name, address, and Social Security number, detailed information regarding debts, assets, income, and expenses, and sign the form to certify its accuracy.
What is the purpose of B1 (Official Form 1)(4/10)?
The purpose of B1 (Official Form 1)(4/10) is to officially initiate a bankruptcy case in court, providing a comprehensive overview of the debtor's financial state to assist the court in making informed decisions regarding debt relief.
What information must be reported on B1 (Official Form 1)(4/10)?
B1 (Official Form 1)(4/10) requires the reporting of the debtor's name, address, type of bankruptcy being filed, list of creditors, assets, liabilities, current income, and monthly expenses, along with other required disclosures.
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