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This form is used to file a voluntary petition for bankruptcy under Title 11 of the United States Code, including details about the debtor, type of business entity, filing chapter, and other relevant
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How to fill out B1 (Official Form 1)
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People Also Ask about
What paperwork do you need for Chapter 13?
In addition to obtaining your credit report, you will need the following documents: Tax returns for the past four years. Paystubs or other proof of income for the last six months before filing. Bank account statements from the past 3–6 months.
Can I do my own Chapter 13?
Individuals can file bankruptcy without an attorney, which is called filing pro se. However, seeking the advice of a qualified attorney is strongly recommended because bankruptcy has long-term financial and legal outcomes.
What is Schedule I and J in Chapter 7?
We'll use a variety of forms to do this, and on Schedules I and J, we'll tell the court about all of your income and expenses, which will help the court determine if you're filing the correct chapter of bankruptcy. This information will be used to conduct the means test to see if you qualify for a Chapter 7.
What disqualifies you from Chapter 13?
Excessive income (for Chapter 13) Chapter 13 bankruptcy requires debtors to have a regular income and adhere to repayment plans. However, if your income is too high relative to your debts, the court may determine that you're not eligible to restructure your debts under this chapter.
How much does it cost to start a Chapter 13?
See Important Information Regarding Filing Fees for Self-Represented Litigants: New Petitions: Chapter 9 $1,738.00 Chapter 11 $1,738.00 Chapter 12 (Family Farmer) $278.00 Chapter 13 $313.0050 more rows
What forms do I need to file chapter 13?
Mandatory Forms for Chapter 13 Bankruptcy 101 Voluntary Petition for Individuals Filing for Bankruptcy. 106Dec Declaration About an Individual Debtor's Schedules. 106Sum Summary of Your Assets and Liabilities and Certain Statistical Information. 106A/B Schedule A/B: Property.
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What is B1 (Official Form 1)?
B1 (Official Form 1) is the official bankruptcy petition form used in the United States to initiate a bankruptcy case under Title 11 of the U.S. Code.
Who is required to file B1 (Official Form 1)?
Individuals or businesses seeking bankruptcy relief under Chapter 7, Chapter 11, or Chapter 13 are required to file B1 (Official Form 1) as part of their bankruptcy petition.
How to fill out B1 (Official Form 1)?
To fill out B1, the filer must provide accurate personal information, including name, address, and social security number, along with the details of their debts and assets, and sign the form to declare under penalty of perjury that the information provided is true.
What is the purpose of B1 (Official Form 1)?
The purpose of B1 (Official Form 1) is to officially start the bankruptcy process by formally notifying the bankruptcy court of the debtor's intention to file for bankruptcy and provide necessary information about their financial situation.
What information must be reported on B1 (Official Form 1)?
On B1 (Official Form 1), the filer must report their name, address, social security number, debtor's status, type of bankruptcy being filed, and details about their assets, liabilities, and income.
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