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This document is a voluntary petition for bankruptcy filed under Chapter 11 in the Southern District of New York for the entity Party Shops Plus, Inc. It includes details about the debtor, including
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B1 (Official Form 1)(4/10) is the official bankruptcy petition form used in the United States for filing a bankruptcy case. It initiates the process of declaring bankruptcy and provides essential information about the debtor.
Individuals or businesses who wish to declare bankruptcy are required to file B1 (Official Form 1)(4/10). This includes those filing under Chapter 7, Chapter 11, or Chapter 13 of the U.S. Bankruptcy Code.
To fill out B1 (Official Form 1)(4/10), the debtor must provide detailed information including their name, address, social security number, a list of creditors, and any other required financial disclosures. It should be completed accurately and submitted to the appropriate bankruptcy court.
The purpose of B1 (Official Form 1)(4/10) is to formally commence a bankruptcy proceeding, enabling the debtor to seek relief from debts and manage their financial obligations through the bankruptcy process.
The information required on B1 (Official Form 1)(4/10) includes the debtor's identity, type of bankruptcy being filed, a list of all creditors, estimated assets and liabilities, and other financial information necessary for the court's review.
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