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This form is used for filing a voluntary petition for bankruptcy under Chapter 11 in the United States Bankruptcy Court for the Northern District of California.
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B1 (Official Form 1)(4/10) is the official bankruptcy petition form used in the United States for individuals or businesses to initiate a bankruptcy case under Title 11 of the United States Code.
Individuals or entities seeking relief from debts through bankruptcy proceedings are required to file B1 (Official Form 1)(4/10). This includes those who wish to file for Chapter 7 or Chapter 13 bankruptcy.
To fill out B1 (Official Form 1)(4/10), the filer must provide personal information including name, address, and social security number, details of income and expenses, a list of creditors, and information regarding assets and liabilities. The form must be completed accurately and truthfully.
The purpose of B1 (Official Form 1)(4/10) is to formally initiate a bankruptcy case, allowing debtors to seek relief from overwhelming debts under various bankruptcy chapters while providing courts with essential information about the debtor's financial situation.
The form requires reporting personal identification details, a list of debts and creditors, assets, monthly income and expenses, a statement of current financial affairs, and the debtor's financial history.
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