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This document is a Voluntary Petition filed in the United States Bankruptcy Court for the District of Nevada by Roam Development Group, L.P. The petition details the debtor's information, type of

How to fill out voluntary petition

How to fill out Voluntary Petition

1. Obtain the Voluntary Petition form, which is usually available from the bankruptcy court's website or at the courthouse.
2. Fill out your personal information, including your name, address, and social security number, at the top of the form.
3. Indicate the chapter of bankruptcy you are filing under (e.g., Chapter 7 or Chapter 13).
4. List all your debts, including secured and unsecured debts, accurately.
5. Provide information about your assets, including real estate, vehicles, and personal property.
6. Detail your income sources, including employment, government benefits, and other income.
7. Complete the necessary schedules and forms that accompany the Voluntary Petition, such as Schedule A/B, Schedule C, and others required for your chapter.
8. Review the completed petition for accuracy and sign where indicated.
9. Prepare the required filing fee or request a fee waiver if you qualify.
10. File the completed Voluntary Petition with the bankruptcy court, either in person or electronically, and keep a copy for your records.

Who needs Voluntary Petition?

1. Individuals or businesses who are unable to pay their debts and seek legal protection from creditors may need to file a Voluntary Petition.
2. Those who wish to reorganize their debts or eliminate certain obligations through bankruptcy proceedings.
3. People facing foreclosure, repossession, wage garnishment, or other collection actions may find it necessary to file.

People Also Ask about

What is the difference between a voluntary petition and an involuntary petition?

A petition may be a voluntary petition, which is filed by the debtor, or it may be an involuntary petition, which is filed by creditors that meet certain requirements.

Who can file an involuntary petition?

A petitioning creditor is qualified to file an involuntary petition if they hold a claim against the debtor that is not contingent as to liability or the subject of a bona fide dispute regarding the liability or its amount, ing to the Bankruptcy Code.

What is an involuntary petition?

A petitioning creditor is qualified to file an involuntary petition if they hold a claim against the debtor that is not contingent as to liability or the subject of a bona fide dispute regarding the liability or its amount, ing to the Bankruptcy Code.

What is a voluntary petition in Chapter 7?

A voluntary petition is a more common filing and allows the debtor to choose the type of bankruptcy and the applicable chapter. In contrast, an involuntary petition is filed when the debtor is unable to pay its debts, and its creditors seek to force the debtor into bankruptcy. Overview of Bankruptcy Chapters.

What is the difference between voluntary and involuntary petition?

Voluntary bankruptcy is a bankruptcy proceeding commenced by the debtor ; bankruptcy instituted by an adjudication upon a debtor's petition. Involuntary bankruptcy, on the other hand, is a bankruptcy case initiated by a debtor's creditors .

What is the difference between a voluntary petition and an involuntary petition?

Voluntary Petition vs. Involuntary Petition 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.

Why would an unsecured creditor want to file an involuntary petition against a debtor?

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.

What is an involuntary proceeding?

When a creditor has made several attempts to collect a debt, but there has been no response from the debtor, they may have no choice but to sue them into bankruptcy.

What is a voluntary petition?

A Voluntary Petition is a document that initiates the filing of a bankruptcy proceeding, setting forth basic information regarding the debtor(s), including name(s), address(es), chapter under which the case is filed, and estimated amount of assets and liabilities.

Who can file an involuntary petition?

A petitioning creditor is qualified to file an involuntary petition if they hold a claim against the debtor that is not contingent as to liability or the subject of a bona fide dispute regarding the liability or its amount, ing to the Bankruptcy Code.

For pdfFiller’s FAQs

What is Voluntary Petition?

A Voluntary Petition is a legal document filed by an individual or business to initiate bankruptcy proceedings under the bankruptcy code.

Who is required to file Voluntary Petition?

Individuals or businesses that are unable to pay their debts and wish to seek bankruptcy protection can file a Voluntary Petition.

How to fill out Voluntary Petition?

To fill out a Voluntary Petition, a filer must complete the required forms provided by the bankruptcy court, detailing their financial situation, including income, debts, assets, and expenses.

What is the purpose of Voluntary Petition?

The purpose of a Voluntary Petition is to formally request bankruptcy protection, allowing the filer to address their debts and seek relief from creditors.

What information must be reported on Voluntary Petition?

The Voluntary Petition must report information such as the filer's name, address, social security number, details about assets and liabilities, income, and expenses.