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This form is used by non-individual debtors to file a voluntary petition under Chapter 11 of the Bankruptcy Code to seek relief from debts. It includes essential information about the debtor, such as name, address, type of business, and details regarding the bankruptcy filing.
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Official Form 201 is a bankruptcy petition used in the United States to initiate a bankruptcy case under Chapter 7 and Chapter 11.
Any individual or business entity seeking to declare bankruptcy in the U.S. under Chapter 7 or Chapter 11 is required to file Official Form 201.
To fill out Official Form 201, the debtor must provide detailed information about their financial situation, including income, debts, assets, and a list of creditors. It's essential to follow the form's instructions carefully.
The purpose of Official Form 201 is to provide the bankruptcy court with essential information needed to assess the debtor's financial situation and facilitate the bankruptcy process.
Official Form 201 requires reporting personal information, a list of debts, assets, income details, monthly expenses, and the names and addresses of all creditors.
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