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This form is used to initiate a voluntary bankruptcy proceeding in the United States Bankruptcy Court, specifically for individuals or businesses seeking relief under the Bankruptcy Code. The petitioner
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How to fill out B1 (Official Form 1)
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Start by obtaining the B1 (Official Form 1) from the appropriate official website or office.
02
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Provide information about the purpose of the form, stating clearly what you are applying for.
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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 official bankruptcy petition form used in the United States to file for bankruptcy under various chapters of the Bankruptcy Code.
Who is required to file B1 (Official Form 1)?
Any individual or business entity wishing to seek relief from debts through bankruptcy is required to file B1 (Official Form 1) as part of the bankruptcy process.
How to fill out B1 (Official Form 1)?
To fill out B1 (Official Form 1), one must provide personal information, details on debts and assets, and any other required disclosures as specified in the form’s instructions.
What is the purpose of B1 (Official Form 1)?
The purpose of B1 (Official Form 1) is to officially initiate bankruptcy proceedings by informing the court and creditors of the debtor's intention to file for bankruptcy and providing necessary information about their financial situation.
What information must be reported on B1 (Official Form 1)?
B1 (Official Form 1) requires reporting information such as the debtor's name and address, the type of bankruptcy being filed, the name of the creditor(s), a list of assets and liabilities, and other financial details.
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