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This document is filed with the United States Bankruptcy Court as a voluntary petition by The Hinckley Supermarket LP, under Chapter 11 of the Bankruptcy Code. It includes the debtor's information,

How to fill out voluntary petition

How to fill out Voluntary Petition

1. Gather necessary financial information, including income, expenses, assets, and liabilities.
2. Obtain the correct bankruptcy form for Voluntary Petition from the court's website or local courthouse.
3. Fill out the personal information section accurately, including name, address, and social security number.
4. List all creditors with their full names, addresses, and amounts owed in the designated section.
5. Detail your income sources, including salary, social security, and any other income.
6. Input all monthly expenses, categorizing them appropriately for rent, utilities, etc.
7. Include information regarding your assets, such as property, vehicles, and personal belongings.
8. Sign and date the petition where indicated at the end of the document.
9. Make copies of the completed petition for your records and to provide to the court.
10. Submit the petition to the designated bankruptcy court office, along with any required filing fee.

Who needs Voluntary Petition?

1. Individuals or businesses who are unable to pay their debts
2. Those seeking relief from creditors and a fresh financial start
3. People facing foreclosure, repossession, or garnishment of wages
4. Individuals who wish to reorganize their debts under bankruptcy laws

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 the bankruptcy process. It is the official request for relief under bankruptcy laws.

Who is required to file Voluntary Petition?

Individuals, partnerships, or corporations that are unable to pay their debts may file a Voluntary Petition. It is generally filed by debtors seeking relief under Chapter 7 or Chapter 13 of the Bankruptcy Code.

How to fill out Voluntary Petition?

To fill out a Voluntary Petition, one must complete the required forms, providing accurate information about debts, assets, income, and expenses, and ensure they are signed and dated before submission to the bankruptcy court.

What is the purpose of Voluntary Petition?

The purpose of a Voluntary Petition is to formally request bankruptcy protection, halt collection actions, and allow for the orderly resolution of debts.

What information must be reported on Voluntary Petition?

The Voluntary Petition must include personal information about the debtor, a list of all debts and creditors, information about assets, income, and a declaration of whether the debtor has received credit counseling.