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This document is a bankruptcy petition filed by Estela's Mexican Restaurant, Inc. in the United States Bankruptcy Court, detailing information about the debtor, their financial status, and the nature
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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 form used for filing a bankruptcy petition in the United States, serving as the starting document to initiate the bankruptcy process.
Individuals or entities seeking bankruptcy protection under Title 11 of the United States Code are required to file B1 (Official Form 1)(12/11). This includes consumers, businesses, and non-profit organizations.
To fill out B1 (Official Form 1)(12/11), the filer must provide personal information, details about debts, income, assets, and any previous bankruptcy filings. Each section must be completed accurately according to the instructions provided with the form.
The purpose of B1 (Official Form 1)(12/11) is to formally declare bankruptcy and provide the court with the necessary information to assess the case and determine the appropriate course of action regarding the debtor's financial situation.
The information that must be reported on B1 (Official Form 1)(12/11) includes the debtor's name, address, Social Security number or tax ID, details of any previous bankruptcy cases, and a list of creditors, assets, liabilities, income, and expenses.
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