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This document is a voluntary petition filed in the United States Bankruptcy Court for chapter 11 bankruptcy by Xavier K LLC, detailing the debtor's information, financial situation, creditors, and
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Begin by obtaining B1 (Official Form 1) from the official website or relevant authority.
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People Also Ask about
Can you file Chapter 7 without filing taxes?
After you submit the Proof of Claim, the claim number will display with a link to the electronically file-stamped proof of claim. The claim will be file stamped as of the entry date. Just print or save a copy of the claim.
What happens if you don't file a proof of claim?
There isn't a rule stating that your tax returns must be current upon filing Chapter 7. However, you must provide your assigned trustee with a copy of your last filed return and accurate financial information. Your trustee will verify if your tax returns support the financial information you provided.
Do you have to file a proof of claim in Chapter 7?
Generally speaking, in a Chapter 7 or Chapter 13 case, a proof of claim must be filed no later than 70 days after the case is filed. In Chapter 11 cases, the bar date may depend on local practice or court order, and the amount of time provided to file a proof of claim can vary.
Why would a creditor not file a proof of claim?
Identify how the debtor came to owe the debt to the creditor here. Documents supporting the debt owed should be attached to and filed with the proof of claim (for example, a promissory note, financing agreement, lease, or a judgment).
Do you file a proof of claim in a Chapter 7?
Generally speaking, in a Chapter 7 or Chapter 13 case, a proof of claim must be filed no later than 70 days after the case is filed. In Chapter 11 cases, the bar date may depend on local practice or court order, and the amount of time provided to file a proof of claim can vary.
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What is B1 (Official Form 1) (4/10)?
B1 (Official Form 1) (4/10) is the petition form for individuals filing for bankruptcy under Chapter 7 or Chapter 11, providing information about the debtor's financial situation.
Who is required to file B1 (Official Form 1) (4/10)?
Any individual or business entity that seeks relief under the bankruptcy code, specifically under Chapter 7 or Chapter 11, is required to file B1 (Official Form 1) (4/10).
How to fill out B1 (Official Form 1) (4/10)?
B1 (Official Form 1) (4/10) must be filled out by providing personal information such as name, address, and social security number, along with details about debts, assets, income, and expenses.
What is the purpose of B1 (Official Form 1) (4/10)?
The purpose of B1 (Official Form 1) (4/10) is to initiate bankruptcy proceedings by disclosing the debtor's financial condition to the court, enabling appropriate legal action regarding the debts.
What information must be reported on B1 (Official Form 1) (4/10)?
The B1 form requires information such as the debtor's name, address, social security number, details of assets and liabilities, income sources, monthly expenses, and any prior bankruptcy filings.
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