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This document is a Voluntary Petition used in the United States Bankruptcy Court for individuals or businesses to file for bankruptcy protection. It includes information about the debtors, their debts, assets, and the type of bankruptcy being filed, under the 2008 US Bankruptcy Code in the Central District of California.
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Form B1 is an official form used for filing bankruptcy petitions in the United States. It is part of the bankruptcy process meant to initiate a case.
Individuals or businesses who are seeking bankruptcy protection under Chapter 7, Chapter 11, or Chapter 13 of the U.S. Bankruptcy Code are required to file Form B1.
Form B1 must be filled out with information about the debtor's financial situation, including assets, liabilities, income, and expenses. It should be carefully completed according to the instructions provided by the bankruptcy court.
The purpose of Form B1 is to provide the bankruptcy court with a clear representation of the debtor’s financial position and to formally request relief under the bankruptcy laws.
Form B1 requires reporting of personal identification information, types of debt, total assets, total liabilities, income, expenses, and whether the debtor has received credit counseling.
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bankruptcy Voluntary Petition Central District of California debts debtor Chapter 11 Nysal, Inc. assets liabilities bankruptcy code

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