Get the free Voluntary Petition

This document serves as a formal petition for bankruptcy filed by EarthWise Technologies Inc. under Chapter 11 of the Bankruptcy Code, outlining the debtor's information, to initiate bankruptcy proceedings.

How to fill out voluntary petition

How to fill out Voluntary Petition

1. Obtain the Voluntary Petition form from the appropriate court website or office.
2. Fill in your personal information, including your name, address, and Social Security number.
3. Indicate the type of bankruptcy you are filing for (Chapter 7, 11, or 13).
4. Complete the details regarding your debts, assets, income, and expenses.
5. List all creditors with their addresses and amounts owed.
6. Ensure all information is accurate and complete to avoid delays.
7. Review the form thoroughly before submitting it to the court.
8. Sign and date the petition where required.
9. Pay the required filing fee or file a fee waiver if you qualify.
10. Submit the completed petition to the court and keep copies for your records.

Who needs Voluntary Petition?

1. Individuals or businesses unable to pay their debts and seeking relief through bankruptcy.
2. Those who want to reorganize their finances under court protection.
3. Individuals facing foreclosure or repossession of assets.
4. People who have overwhelming credit card debt and medical bills.

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 filed by an individual or entity to initiate bankruptcy proceedings under the Bankruptcy Code. It serves as a formal request for relief from debts and signifies the debtor's intention to seek bankruptcy protection.

Who is required to file Voluntary Petition?

Any individual, married couple, corporation, or other business entity that is unable to meet their financial obligations or has debts exceeding their assets may file a Voluntary Petition to seek bankruptcy protection.

How to fill out Voluntary Petition?

To fill out a Voluntary Petition, the filer must complete the required forms by providing accurate personal and financial information, including details about income, expenses, assets, debts, and prior bankruptcy filings, if applicable. The forms can be obtained from the bankruptcy court or online legal resources.

What is the purpose of Voluntary Petition?

The purpose of a Voluntary Petition is to formally initiate bankruptcy proceedings, allowing individuals or entities to seek relief from debts, obtain a fresh financial start, and protect themselves from creditor actions while the bankruptcy process is underway.

What information must be reported on Voluntary Petition?

The Voluntary Petition must include information such as the debtor's name, address, social security number or EIN, a list of creditors, the nature and amount of debts, income and expenses, details of any previous bankruptcy filings, and information about the debtor's assets.