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This document is the Voluntary Petition for Chapter 11 bankruptcy filed by Thornburgh Resort Company, LLC, in the United States Bankruptcy Court for the District of Oregon. It includes details about
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How to fill out voluntary petition
How to fill out Voluntary Petition
01
Obtain the Voluntary Petition form from the court or online.
02
Fill in the case number if you have one, or leave it blank if you don't.
03
Provide your name and address in the designated sections.
04
Indicate your marital status, including if you are married, single, or divorced.
05
List all your debts, including secured and unsecured debts.
06
Fill out the income section with your monthly income and any other sources of income.
07
Complete the assets section by listing all your assets, including property, bank accounts, and personal belongings.
08
Sign and date the form at the bottom.
09
Review the completed petition for accuracy and completeness before submission.
10
File the petition with your local bankruptcy court along with any required fees.
Who needs Voluntary Petition?
01
Individuals who find themselves overwhelmed by debt and need a legal way to seek relief.
02
People who want to reorganize their debts under bankruptcy laws.
03
Those facing foreclosure, repossession, or wage garnishment.
04
Individuals who want to obtain a fresh financial start through Chapter 7 or Chapter 13 bankruptcy.
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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.
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What is Voluntary Petition?
A Voluntary Petition is a legal document filed by an individual or business to initiate bankruptcy proceedings in court.
Who is required to file Voluntary Petition?
Individuals or businesses seeking debt relief or to reorganize their finances are required to file a Voluntary Petition.
How to fill out Voluntary Petition?
To fill out a Voluntary Petition, applicants must complete the required forms, providing detailed information about their debts, assets, income, and expenses.
What is the purpose of Voluntary Petition?
The purpose of a Voluntary Petition is to formally declare bankruptcy, allowing debtors to seek relief from overwhelming debts and obtain court protection.
What information must be reported on Voluntary Petition?
The information that must be reported includes the debtor's name, address, total assets, total liabilities, income, and detailed lists of creditors.
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