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This document is a Voluntary Petition filed by Great Hands, Inc. in the United States Bankruptcy Court for the District of Maryland, indicating the debtor\'s intent to seek relief under Chapter 11 of the Bankruptcy Code. The filing includes information about the debtor\'s financial status, total assets, liabilities, creditors, and business operations.

How to fill out voluntary petition

How to fill out voluntary petition

1. Gather required documents including income information, debts, and assets.
2. Choose the correct court and file the appropriate voluntary petition form.
3. Complete the petition form with accurate and truthful information.
4. List all creditors and provide details of debts owed.
5. Fill out the Statement of Financial Affairs to disclose your financial history.
6. Sign and date the petition.
7. File the completed petition with the court, either in person or electronically.
8. Pay the filing fee or request a fee waiver if you qualify.
9. Attend the creditors' meeting (341 meeting) to discuss your financial situation with the trustee.

Who needs voluntary petition?

1. Individuals or businesses facing insolvency or unable to repay debts may need to file a voluntary petition.
2. Those seeking legal relief from creditors and a fresh financial start typically require a voluntary petition.
3. Consumers wishing to eliminate or reorganize their debt through bankruptcy may need a voluntary petition.

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What is voluntary petition?

A voluntary petition is a legal document filed by an individual or business to initiate bankruptcy proceedings, seeking protection from creditors.

Who is required to file voluntary petition?

Any individual, partnership, or corporation that is unable to pay its debts as they come due can file a voluntary petition.

How to fill out voluntary petition?

To fill out a voluntary petition, a debtor must complete the required forms provided by the bankruptcy court, detailing their financial situation, including assets, liabilities, income, and expenses.

What is the purpose of voluntary petition?

The purpose of a voluntary petition is to obtain relief from creditors and to reorganize or discharge debts through the bankruptcy process.

What information must be reported on voluntary petition?

The voluntary petition must report information such as the debtor's income, expenses, debt amounts, assets, and the reasons for seeking bankruptcy.