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This document is a Voluntary Petition filed under the United States Bankruptcy Court for Westside Heavy Hauling, Inc., initiating bankruptcy proceedings under Chapter 11. It includes details about
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How to fill out B1 (Official Form 1)(12/11)
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Download the B1 (Official Form 1)(12/11) from the official website.
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People Also Ask about
Will I lose my house if I file Chapter 11?
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.
Can a Chapter 11 be voluntarily dismissed?
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 a voluntary petition for Chapter 11?
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
What is a voluntary petition in Chapter 11?
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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What is B1 (Official Form 1)(12/11)?
B1 (Official Form 1)(12/11) is a form used in bankruptcy proceedings in the United States, also known as the 'Voluntary Petition for Individuals Filing for Bankruptcy.' It is the official document that initiates a bankruptcy case.
Who is required to file B1 (Official Form 1)(12/11)?
Individuals who need relief from their debts and seek to file for bankruptcy under chapters 7 or 13 are required to file B1 (Official Form 1)(12/11).
How to fill out B1 (Official Form 1)(12/11)?
To fill out B1 (Official Form 1)(12/11), the filer must provide personal information such as name, address, and social security number, detail their financial situation including debts and assets, and indicate the chapter of bankruptcy under which they are filing.
What is the purpose of B1 (Official Form 1)(12/11)?
The purpose of B1 (Official Form 1)(12/11) is to formally start a bankruptcy case, allowing the court to assess the debtor's situation and determine eligibility for bankruptcy relief.
What information must be reported on B1 (Official Form 1)(12/11)?
B1 (Official Form 1)(12/11) requires reporting of personal information, a list of creditors, a summary of assets and liabilities, monthly income and expenses, and any previous bankruptcy filings.
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