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This document is a Voluntary Petition filed in the United States Bankruptcy Court for the District of Maryland concerning Federated Sports & Gaming, Inc. It outlines the debtor's information, type
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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 petition form used in the United States Bankruptcy Court for individuals or businesses filing for bankruptcy under Chapter 7 or Chapter 11. It serves as the official request to commence a bankruptcy case.
Individuals or businesses who wish to declare bankruptcy under Chapter 7 or Chapter 11 are required to file B1 (Official Form 1)(12/11). This includes debtors seeking relief from their debts through the bankruptcy process.
To fill out B1 (Official Form 1)(12/11), applicants must provide personal or business information, details about their financial situation, the type of bankruptcy being filed, and sign the form. It is important to follow the instructions carefully and ensure all required information is accurate and complete.
The purpose of B1 (Official Form 1)(12/11) is to formally initiate a bankruptcy case in the federal court system, allowing the debtor to seek relief from overwhelming debts, either through asset liquidation (Chapter 7) or restructuring (Chapter 11).
B1 (Official Form 1)(12/11) requires the debtor to report personal or business identification details, information about creditors and debts, assets, income, expenses, and any prior bankruptcy cases. It must include a summary of the financial circumstances relevant to the bankruptcy filing.
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bankruptcy Voluntary Petition Debtor Federated Sports & Gaming, Inc. District of Maryland Chapter 11 unsecured claims creditors equity security holders filing deadline

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