Bankruptcy Information





YOU ARE HERE Petition Petition Petition Both debtors and creditors can petition for the debtor to be made bankrupt The Debtors Petition When a debtor decides to go bankrupt he must petition the county court for the insolvency district where he she lives The debtor must pay the court fee and deposit towards the administration of the Order currently and respectively The court has some limited powers allowing it to waive the fee but not the deposit Completing the debtors petition Form The petition is primarily designed with people who have been in business in mind As these are the majority of people declaring bankruptcy The petition must be presented at the debtors local court with bankruptcy jurisdiction unless the petitioner has lived and or traded in the area of another county court for most of the previous six months It should be noted that not all county courts have bankruptcy jurisdiction Completing the Statement of Affairs Form An extensive amount of information is required on this form much of which may not be readily to hand Guidance notes are supplied with the form However they are not comprehensive so the following should be noted Page A Mortgage details

Dealing with Debt How to Petition for your own Bankruptcy URN This leaflet covers the questions you are most likely to ask about being in debt and making yourself bankrupt and explains some of the terms used in bankruptcy It gives information on how and where to apply for your own bankruptcy If a creditor is seeking to make you bankrupt or you want more information about bankruptcy you should refer to the booklet 'Guide to Bankruptcy' Bankruptcy is a serious matter You do not have to become bankrupt just because you are in debt Other options may be more suitable for you Where can I get advice about bankruptcy? Contents Where can I get advice about bankruptcy Before you take any action to apply for your own bankruptcy you should get your own legal or financial advice about bankruptcy and the other options available to you The Insolvency Service and the courts cannot advise you on specific insolvency problems for example whether you should go bankrupt or your company should go into liquidation or whether you should look at alternatives You should get independent advice You may consult a solicitor a qualified accountant an authorised insolvency practitioner or

Web Site designed by the U S Bankruptcy Court ~ District of Massachusetts ~ FILING OF REQUIRED PAPERS PROPER FORM OF PLEADINGS You may obtain by downloading them from this website Generally pleadings submitted for filing must be plainly written typed printed or copied and bear no marks which materially deface them Pleading must have the complete caption case number and bankruptcy chapter If filed in an adversary proceeding the pleading must have the adversary and related bankruptcy case numbers the attorney's name address telephone number and must be signed in accordance with Bankruptcy Rule Pro se parties must sign pleadings and provide name address and phone number FILING REQUIREMENTS VOLUNTARY PETITIONS Chapters amp require one ORIGINAL and one COPY for the The margins at the top and bottom of the page must be at least one inch each The matrix shall be produced with a quality computer printer or typewriter If a dot matrix printer is used it should have near letter quality Standard type size shall be used The name and address of each creditor must not consist of more than five lines At least one blank line shall be inserted between each creditor listing If not

Preliminary A petition for a bankruptcy order to be made against an individual may be presented to the court n accordance with the following provisions of this Part A bankruptcy petition shall not be presented to the court under section Where a bankruptcy petition relating to an individual is presented by a person who is entitled to present a petition under two or more paragraphs of section the petition is to be treated for the purposes of this Part as a petition under such one of those paragraphs as may be specified in the petition A bankruptcy petition shall not be withdrawn without the leave of the court The court has a general power if it appears to it appropriate to do so on the grounds that there has been a contravention of the rules or for any other reason to dismiss a bankruptcy petition or to stay proceedings on such a petition and where it stays proceedings on a petition it may do so on such terms and conditions as it thinks fit Without prejudice to subsection where a petition under section A creditor's petition must be in respect of one or more debts owed by the debtor

raquo raquo raquo raquo raquo Q A Browse Bankruptcy Law Resources Articles FAQs raquo raquo raquo raquo Bankruptcy Law Consumer Bankruptcy Bankruptcy process Page of Where do I file a bankruptcy petition? Bankruptcy courts are part of the federal judicial system Each federal district has one or more bankruptcy courts each of which is responsible for debtors within a certain geographic region You can file a petition in a district where you have been domiciled or had a residence principal place of business or principal assets for days OR for a longer part of days than in any other district You may also file in a district where an affiliate general partner or partnership has a pending case If you’ve just moved from another district you would need to wait until the st day after moving to file in your new district If you file in the district where you used to live you may be able to persuade the court to transfer the case anyway Visit to locate the web site for your local Bankruptcy Court You may also reopen your case yourself Click for a laquo raquo laquo raquo Need More Help or Advice? bull bull bull



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