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This is a voluntary bankruptcy petition filed by Burt Lewis, Inc., under Chapter 7, in the United States Bankruptcy Court for the Northern District of Illinois. The document outlines the debtor\'s details, business operations, and the reason for filing bankruptcy, including financial circumstances and asset management.
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What is official form 201?
Official Form 201 is a document used in bankruptcy proceedings, specifically for filing a voluntary petition for individuals or entities seeking to declare bankruptcy under Chapter 7 or Chapter 11 of the Bankruptcy Code.
Who is required to file official form 201?
Individuals or businesses intending to file for bankruptcy under Chapter 7 or Chapter 11 are required to complete and submit Official Form 201 to initiate their bankruptcy case.
How to fill out official form 201?
To fill out Official Form 201, the filer must provide details such as the debtor's name, address, and social security number, as well as information about creditors, assets, liabilities, and the type of bankruptcy being filed. The form should be completed accurately and signed before submission to the bankruptcy court.
What is the purpose of official form 201?
The purpose of Official Form 201 is to provide the bankruptcy court with essential information about the debtor and their financial situation, allowing the court to assess the case and determine the appropriate course of action under bankruptcy law.
What information must be reported on official form 201?
Official Form 201 requires the reporting of the debtor's personal information, including name and contact details, a list of creditors, income sources, expenses, assets, liabilities, and any previous bankruptcy filings. This information helps the court understand the debtor's financial status.
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