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This document is a formal petition filed by individuals who wish to declare bankruptcy under various chapters, including Chapter 7, 11, 12, or 13. It includes personal information regarding the debtors, their financial situation, and details of the bankruptcy filing. The form serves to identify the debtor, the type of bankruptcy being filed, and provides necessary disclosures including a statement of financial affairs.
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Official Form 101 is the form used for filing a bankruptcy petition under Chapter 7 or Chapter 13 in the United States.
Any individual seeking relief under bankruptcy laws must file Official Form 101, including those filing for Chapter 7 or Chapter 13.
Official Form 101 should be completed by providing personal information, listing all debts, assets, income, and expenses, and signing the form as required.
The purpose of Official Form 101 is to formally initiate the bankruptcy process and provide the court with a comprehensive overview of the debtor's financial situation.
The form requires personal identification, details of debts (secured and unsecured), a list of assets, income sources, and monthly expenses.
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