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This form is used to file for bankruptcy under chapter 11 of the Bankruptcy Code for the case 1:12-bk-12694-VK in the Central District of California, involving Seaside Recovery Center, LLC.
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People Also Ask about

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 the initial bankruptcy petition form used in the United States to commence a bankruptcy case under Title 11 of the United States Code.
Individuals or businesses seeking bankruptcy protection must file B1 (Official Form 1)(12/11) to initiate their bankruptcy proceedings.
To fill out B1 (Official Form 1)(12/11), the filer must provide personal or business information, details about debts and assets, and sign the form under penalty of perjury.
The purpose of B1 (Official Form 1)(12/11) is to inform the bankruptcy court about the debtor's financial situation and to officially start the bankruptcy process.
The form requires information such as the debtor's name, address, bankruptcy chapter being filed under, the name and address of attorneys (if applicable), and a list of creditors and debts.
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bankruptcy voluntary petition Seaside Recovery Center, LLC chapter 11 Central District of California bankruptcy court financial distress debtor creditors unsecured claims

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