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This document is a Voluntary Petition filed in the United States Bankruptcy Court by McKamy Development Company, Ltd. to initiate Chapter 11 bankruptcy proceedings.
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People Also Ask about
Can you file Chapter 7 without filing taxes?
After you submit the Proof of Claim, the claim number will display with a link to the electronically file-stamped proof of claim. The claim will be file stamped as of the entry date. Just print or save a copy of the claim.
What happens if you don't file a proof of claim?
There isn't a rule stating that your tax returns must be current upon filing Chapter 7. However, you must provide your assigned trustee with a copy of your last filed return and accurate financial information. Your trustee will verify if your tax returns support the financial information you provided.
Do you have to file a proof of claim in Chapter 7?
Generally speaking, in a Chapter 7 or Chapter 13 case, a proof of claim must be filed no later than 70 days after the case is filed. In Chapter 11 cases, the bar date may depend on local practice or court order, and the amount of time provided to file a proof of claim can vary.
Why would a creditor not file a proof of claim?
Identify how the debtor came to owe the debt to the creditor here. Documents supporting the debt owed should be attached to and filed with the proof of claim (for example, a promissory note, financing agreement, lease, or a judgment).
Do you file a proof of claim in a Chapter 7?
Generally speaking, in a Chapter 7 or Chapter 13 case, a proof of claim must be filed no later than 70 days after the case is filed. In Chapter 11 cases, the bar date may depend on local practice or court order, and the amount of time provided to file a proof of claim can vary.
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What is B1 (Official Form 1) (4/10)?
B1 (Official Form 1) (4/10) is the official petition form used in the United States Bankruptcy Court for individuals or businesses to initiate bankruptcy proceedings.
Who is required to file B1 (Official Form 1) (4/10)?
Individuals or entities seeking to declare bankruptcy are required to file B1 (Official Form 1) (4/10). This includes consumers, corporations, and partnerships.
How to fill out B1 (Official Form 1) (4/10)?
To fill out B1 (Official Form 1) (4/10), one must provide personal or business information, including name, address, and a list of debts. Additional specific financial details and signatures are also required.
What is the purpose of B1 (Official Form 1) (4/10)?
The purpose of B1 (Official Form 1) (4/10) is to formally file for bankruptcy, triggering the legal process that protects the debtor from creditors while they reorganize or liquidate their debts.
What information must be reported on B1 (Official Form 1) (4/10)?
B1 (Official Form 1) (4/10) requires reporting personal details of the debtor, the type of bankruptcy being filed, a list of creditors, a summary of debts, and the debtor's assets and liabilities.
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