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This document is a formal petition filed with the United States Bankruptcy Court by Acadia Investments L.C. for relief under Chapter 11, including details about debtors, creditors, and related financial
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B1 (Official Form 1)(4/10) is the official form used to file a bankruptcy petition in the United States. It serves as the initial document filed with the bankruptcy court to start the bankruptcy process.
Any individual or business that is seeking relief under the bankruptcy laws of the United States is required to file B1 (Official Form 1)(4/10) to initiate their bankruptcy case.
To fill out B1 (Official Form 1)(4/10), the filer must provide information about their identity, address, the type of bankruptcy being filed, and details regarding their debts and assets. It must be signed and dated before submission.
The purpose of B1 (Official Form 1)(4/10) is to formally notify the bankruptcy court of the debtor's intention to file for bankruptcy and to provide necessary information to initiate the bankruptcy proceedings.
B1 (Official Form 1)(4/10) requires the debtor to report their name, address, social security number or tax ID, the chapter of bankruptcy being filed under, and a list of creditors, as well as an overview of assets and liabilities.
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