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This document is a Voluntary Petition filed in the United States Bankruptcy Court for the Eastern District of North Carolina by Old Mill Properties, LLC. It outlines the debtor\'s financial situation, including assets, liabilities, and a list of creditors. The petition initiates bankruptcy proceedings under Chapter 11 of the Bankruptcy Code, indicating the debtor\'s intention to reorganize and restructure its debts.

How to fill out voluntary petition

How to fill out voluntary petition

1. Gather financial information including income, expenses, assets, and debts.
2. Complete the voluntary petition form accurately detailing your personal information.
3. List all creditors and the amounts owed in the provided sections.
4. Prepare any additional required schedules, such as income and expense schedules.
5. Sign and date the petition to certify that the information is true and correct.
6. File the completed petition with the appropriate bankruptcy court, along with any required filing fees.

Who needs voluntary petition?

1. Individuals or businesses facing overwhelming debt.
2. Those seeking to reorganize or discharge their debts through bankruptcy.
3. Creditors looking for legal acknowledgment of insolvency from a debtor.
4. People who have exhausted other debt relief options, such as negotiation or credit counseling.

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What is voluntary petition?

A voluntary petition is a legal document filed by an individual or business to initiate a bankruptcy proceeding. It requests relief under the bankruptcy code and outlines the petitioner's financial situation.

Who is required to file voluntary petition?

Any individual or business entity that is unable to meet their financial obligations can file a voluntary petition to seek relief from creditors through bankruptcy.

How to fill out voluntary petition?

To fill out a voluntary petition, the debtor must provide detailed information about their financial status, including assets, liabilities, income, and expenses. The form must be completed accurately and signed by the petitioner.

What is the purpose of voluntary petition?

The purpose of a voluntary petition is to obtain a court's protection from creditors while the debtor reorganizes their finances or liquidates their assets under the bankruptcy laws.

What information must be reported on voluntary petition?

A voluntary petition must report personal identification information, a list of creditors, assets, liabilities, income, expenses, and any previous bankruptcy filings.