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This is the Voluntary Petition form for bankruptcy, used in the Eastern District of Virginia for filing under various chapters of the Bankruptcy Code.
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People Also Ask about
What paperwork do you need for Chapter 13?
In addition to obtaining your credit report, you will need the following documents: Tax returns for the past four years. Paystubs or other proof of income for the last six months before filing. Bank account statements from the past 3–6 months.
Can I do my own Chapter 13?
Individuals can file bankruptcy without an attorney, which is called filing pro se. However, seeking the advice of a qualified attorney is strongly recommended because bankruptcy has long-term financial and legal outcomes.
What is Schedule I and J in Chapter 7?
We'll use a variety of forms to do this, and on Schedules I and J, we'll tell the court about all of your income and expenses, which will help the court determine if you're filing the correct chapter of bankruptcy. This information will be used to conduct the means test to see if you qualify for a Chapter 7.
What disqualifies you from Chapter 13?
Excessive income (for Chapter 13) Chapter 13 bankruptcy requires debtors to have a regular income and adhere to repayment plans. However, if your income is too high relative to your debts, the court may determine that you're not eligible to restructure your debts under this chapter.
How much does it cost to start a Chapter 13?
See Important Information Regarding Filing Fees for Self-Represented Litigants: New Petitions: Chapter 9 $1,738.00 Chapter 11 $1,738.00 Chapter 12 (Family Farmer) $278.00 Chapter 13 $313.0050 more rows
What forms do I need to file chapter 13?
Mandatory Forms for Chapter 13 Bankruptcy 101 Voluntary Petition for Individuals Filing for Bankruptcy. 106Dec Declaration About an Individual Debtor's Schedules. 106Sum Summary of Your Assets and Liabilities and Certain Statistical Information. 106A/B Schedule A/B: Property.
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What is B1 (Official Form 1)?
B1 (Official Form 1) is the form used to initiate a bankruptcy case under Chapter 7 and Chapter 13 of the Bankruptcy Code. It serves as the official petition to declare bankruptcy.
Who is required to file B1 (Official Form 1)?
Individuals or entities seeking relief under U.S. bankruptcy law, including consumers facing insurmountable debt, must file B1 (Official Form 1) to start the bankruptcy process.
How to fill out B1 (Official Form 1)?
To fill out B1, individuals must provide personal information such as their name, address, and social security number, along with details about their debts and assets. It is important to answer all questions accurately and completely.
What is the purpose of B1 (Official Form 1)?
The purpose of B1 is to formally declare the individual's or entity's intent to file for bankruptcy, allowing the court to process the case and provide protection from creditors.
What information must be reported on B1 (Official Form 1)?
B1 must report personal identification details, information about creditors, income, expenses, and a brief description of the financial situation, including assets and liabilities.
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