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This document is used to file a voluntary petition for bankruptcy under the United States Bankruptcy Code. It contains information about the debtor, the type of bankruptcy being filed, and provides
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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. It is a standardized form that provides the court with essential information about the debtor and the type of bankruptcy being filed.
Who is required to file B1 (Official Form 1)?
Any individual or entity that wishes to declare bankruptcy under the relevant chapters of the U.S. Bankruptcy Code is required to file B1. This includes individuals, companies, and other forms of partnerships or corporations.
How to fill out B1 (Official Form 1)?
To fill out B1, the debtor must provide personal information such as their name, address, social security number, and details about their financial situation, including assets, liabilities, and income. It is recommended to follow the provided instructions carefully and seek legal advice if necessary.
What is the purpose of B1 (Official Form 1)?
The purpose of B1 is to officially commence a bankruptcy case and to provide the court with information needed to determine the eligibility of the debtor to seek bankruptcy relief and to administer the case.
What information must be reported on B1 (Official Form 1)?
B1 requires the report of personal information of the debtor, including the debtor's name, address, social security number, details of creditors, assets, debts, income, and any prior bankruptcy filings. This comprehensive information assists the court in evaluating the bankruptcy case.
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