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This document is a voluntary petition for Chapter 11 bankruptcy filed by RACHEL MCCONNELL MD, LTD. in the United States Bankruptcy Court, District of Nevada. It details the debtor's financial situation,

How to fill out voluntary petition

How to fill out Voluntary Petition

1. Start with the basic information: fill out your name, address, and contact information.
2. Select the type of relief you are seeking, such as Chapter 7 or Chapter 13 bankruptcy.
3. Provide a complete list of your assets, including property, vehicles, and bank accounts.
4. List all your liabilities, such as credit card debts, loans, and any outstanding bills.
5. Include your income information, detailing all sources of income for the last six months.
6. Complete the required means test calculation to determine your eligibility for bankruptcy.
7. Review and sign the petition, ensuring all information is accurate and complete.
8. File the petition with the appropriate bankruptcy court, paying any required filing fee.

Who needs Voluntary Petition?

1. Individuals who are unable to pay their debts.
2. People seeking a fresh start financially through bankruptcy.
3. Individuals facing foreclosure or repossession.
4. Those with overwhelming medical bills or credit card debt.
5. Anyone who wants to stop creditor harassment and collection actions.

People Also Ask about

What is the difference between a voluntary petition and an involuntary petition?

A petition may be a voluntary petition, which is filed by the debtor, or it may be an involuntary petition, which is filed by creditors that meet certain requirements.

Who can file an involuntary petition?

A petitioning creditor is qualified to file an involuntary petition if they hold a claim against the debtor that is not contingent as to liability or the subject of a bona fide dispute regarding the liability or its amount, ing to the Bankruptcy Code.

What is an involuntary petition?

A petitioning creditor is qualified to file an involuntary petition if they hold a claim against the debtor that is not contingent as to liability or the subject of a bona fide dispute regarding the liability or its amount, ing to the Bankruptcy Code.

What is a voluntary petition in Chapter 7?

A voluntary petition is a more common filing and allows the debtor to choose the type of bankruptcy and the applicable chapter. In contrast, an involuntary petition is filed when the debtor is unable to pay its debts, and its creditors seek to force the debtor into bankruptcy. Overview of Bankruptcy Chapters.

What is the difference between voluntary and involuntary petition?

Voluntary bankruptcy is a bankruptcy proceeding commenced by the debtor ; bankruptcy instituted by an adjudication upon a debtor's petition. Involuntary bankruptcy, on the other hand, is a bankruptcy case initiated by a debtor's creditors .

What is the difference between a voluntary petition and an involuntary petition?

Voluntary Petition vs. Involuntary Petition 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.

Why would an unsecured creditor want to file an involuntary petition against a debtor?

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.

What is an involuntary proceeding?

When a creditor has made several attempts to collect a debt, but there has been no response from the debtor, they may have no choice but to sue them into bankruptcy.

What is a voluntary petition?

A Voluntary Petition is a document that initiates the filing of a bankruptcy proceeding, setting forth basic information regarding the debtor(s), including name(s), address(es), chapter under which the case is filed, and estimated amount of assets and liabilities.

Who can file an involuntary petition?

A petitioning creditor is qualified to file an involuntary petition if they hold a claim against the debtor that is not contingent as to liability or the subject of a bona fide dispute regarding the liability or its amount, ing to the Bankruptcy Code.

For pdfFiller’s FAQs

What is Voluntary Petition?

A Voluntary Petition is a legal document that a debtor files in bankruptcy court to initiate a bankruptcy proceeding, indicating their intention to seek protection from creditors.

Who is required to file Voluntary Petition?

Any individual or entity that is unable to pay their debts and seeks relief under the bankruptcy laws can file a Voluntary Petition. This includes individuals, partnerships, corporations, and certain other entities.

How to fill out Voluntary Petition?

To fill out a Voluntary Petition, one must complete the appropriate forms provided by the bankruptcy court, which typically include personal or business information, a list of assets, liabilities, income, and expenses. It is important to read the instructions carefully and provide accurate information.

What is the purpose of Voluntary Petition?

The purpose of a Voluntary Petition is to formally declare bankruptcy, seek a discharge of debts, and obtain legal protections from creditors while the bankruptcy case is underway.

What information must be reported on Voluntary Petition?

The Voluntary Petition requires information such as the debtor's name, address, and Social Security number or Employer Identification Number, a list of creditors, assets, liabilities, income, expenses, and the type of bankruptcy being filed.