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This is a Voluntary Petition filed under the United States Bankruptcy Code in the Eastern District of North Carolina for the entity M.C. Pipe, Inc., detailing the debtor's information, other names
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B1 (Official Form 1)(4/10) is the official form used to initiate a bankruptcy case under the Bankruptcy Code in the United States. It serves as the primary document for filing a bankruptcy petition.
Individuals or businesses seeking to declare bankruptcy are required to file B1 (Official Form 1)(4/10) to commence their bankruptcy proceedings.
To fill out B1, the filer must provide information such as their name, address, and social security number (or employer identification number), as well as details about their financial situation, including debts and creditors.
The purpose of B1 (Official Form 1)(4/10) is to formally notify the bankruptcy court of the filer's intention to file for bankruptcy and to outline their financial circumstances.
B1 requires the reporting of personal information, the type of bankruptcy being filed (such as Chapter 7 or Chapter 13), a summary of debts, and information about any co-debtors. Additionally, it may require disclosure of income and expenses.
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