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This document is a Voluntary Petition filed by KEODY Transfer, LLC in the United States Bankruptcy Court for the District of Nebraska, initiating a bankruptcy case under Chapter 11. It includes information
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Chapter 7 – See Bankruptcy Code Section 707 – Because a trustee is appointed, the trustee may file an objection to a request for voluntary dismissal, and a hearing is required. Chapter 11 – See Bankruptcy Code Section 1112 – A debtor's request to dismiss requires a motion and an opportunity for a hearing.
This is typically initiated when creditors have determined that the debtor is unable to meet their financial obligations in repaying the debts to the creditors, and bankruptcy is the best option to recover those debts.
The voluntary petition will include standard information concerning the debtor's name(s), social security number or tax identification number, residence, location of principal assets (if a business), the debtor's plan or intention to file a plan, and a request for relief under the appropriate chapter of the Bankruptcy
A voluntary petition is a bankruptcy filing initiated by the debtor, while an involuntary petition is filed by the debtor's creditors. A voluntary petition is a more common filing and allows the debtor to choose the type of bankruptcy and the applicable chapter.

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B1 (Official Form 1)(12/11) is the official bankruptcy petition form used in the United States for individuals filing for bankruptcy under Chapter 7 or Chapter 13.
Individuals who are seeking to file for bankruptcy protection under Chapter 7 or Chapter 13 are required to file B1 (Official Form 1)(12/11).
To fill out B1 (Official Form 1)(12/11), you need to provide personal information such as your name, address, and social security number, list your debts and assets, and submit the completed form to the bankruptcy court.
The purpose of B1 (Official Form 1)(12/11) is to formally initiate bankruptcy proceedings and provide the bankruptcy court with essential information about the debtor's financial situation.
The information that must be reported on B1 (Official Form 1)(12/11) includes the debtor's identity, financial information, a list of creditors, and a declaration regarding the accuracy of the information provided.
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