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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. It includes details about the debtor, including the name,
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Chapter 7 – See Bankruptcy Code Section 707 – Because a trustee is appointed, the trustee may file an objection to a request for voluntary dismissal, and a hearing is required. Chapter 11 – See Bankruptcy Code Section 1112 – A debtor's request to dismiss requires a motion and an opportunity for a hearing.
This is typically initiated when creditors have determined that the debtor is unable to meet their financial obligations in repaying the debts to the creditors, and bankruptcy is the best option to recover those debts.
The voluntary petition will include standard information concerning the debtor's name(s), social security number or tax identification number, residence, location of principal assets (if a business), the debtor's plan or intention to file a plan, and a request for relief under the appropriate chapter of the Bankruptcy
A voluntary petition is a bankruptcy filing initiated by the debtor, while an involuntary petition is filed by the debtor's creditors. A voluntary petition is a more common filing and allows the debtor to choose the type of bankruptcy and the applicable chapter.

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B1 (Official Form 1)(12/11) is a bankruptcy petition form used in the United States to initiate a bankruptcy case under Title 11 of the U.S. Code.
Individuals or businesses who wish to declare bankruptcy and seek a discharge of their debts are required to file B1 (Official Form 1)(12/11).
B1 (Official Form 1)(12/11) should be filled out by providing personal details, including the debtor's name, address, and information about debts and assets. It should be completed accurately and submitted to the appropriate bankruptcy court.
The purpose of B1 (Official Form 1)(12/11) is to formally initiate the bankruptcy process, notify the court of the debtor's financial situation, and request relief from debts.
B1 (Official Form 1)(12/11) requires information such as the debtor's identification details, a list of all creditors, the nature of debts, income sources, and any property owned.
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