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This document is a Voluntary Petition filed in the United States Bankruptcy Court for the Western District of New York by Phoenix Development and Construction Inc. It includes essential information
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People Also Ask about

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 or businesses to initiate a bankruptcy case. It outlines the debtor's name, address, and type of bankruptcy being filed.
Individuals or entities seeking to declare bankruptcy in the U.S. are required to file B1 (Official Form 1)(12/11). This includes those filing for Chapter 7 bankruptcy, Chapter 11 restructuring, or Chapter 13 repayment plans.
To fill out B1 (Official Form 1)(12/11), the debtor needs to provide their personal information, including name, address, and social security number, as well as details regarding their debts, assets, and financial history. It is important to follow the instructions carefully and ensure all information is accurate.
The purpose of B1 (Official Form 1)(12/11) is to formally commence a bankruptcy case, enabling the debtor to seek relief from debts, potentially providing a fresh start financially under the protection of bankruptcy laws.
The information that must be reported on B1 (Official Form 1)(12/11) includes the debtor's identification details, the type of bankruptcy being filed, a list of creditors, income and expense details, assets, and information about prior bankruptcy cases, if any.
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bankruptcy voluntary petition debtor Western District of New York Phoenix Development and Construction Inc Chapter 11 bankruptcy forms creditors bankruptcy court financial affairs

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