Form B1 Voluntary Petition (Official Form 1)
INSTRUCTIONS : VOLUNTARY PETITION WITH EXHIBITS A THROUGH D (Form B1)
Introduction to the Form B1 Voluntary Petition with Exhibits A through D
• Form B1 is the first form filed in any bankruptcy case. This form is considered the “declaration” of bankruptcy, and once filed with the coordinating court, it will stop creditors from trying to collect on their debts. This petition is filled in with all the debtor’s basic information to get the bankruptcy case initiated
Accessing the Form B1 Voluntary Petition with Exhibits A through D
• Typically, you will be required to furnish your Form B1 Voluntary Petition with Exhibits A through D – in addition to any or all supplemental forms – to the bankruptcy court applicable to the jurisdiction within which you reside; upon contacting your jurisdictional bankruptcy court, you can access a Form B1 Voluntary Petition with Exhibits A through D, as well as supplemental bankruptcy forms required with regard to your specific circumstance.
The Form B1 Voluntary Petition with Exhibits A through D Filing Process
• The Voluntary position begins with simple questions regarding your particular case, such as where you are filing, your case number, and the name of your judge and the coordinating dates of your case. Exhibit A of the petition, which requires a separate document, is completed if you are required to file periodic reports with the Securities and Exchange Commission and are requesting relief under a Chapter 11 filing.
• Exhibit B of the petition will be completed if your debts are mostly of a consumer nature; if this exhibit fits your particular case, your attorney is required to sign and date the appropriate box on the petition. Exhibit C of the petition is completed if you own or have possession of any property that poses a threat of imminent identifiable harm to public health or safety. And lastly, Exhibit D is completed by all individuals filing this petition; this portion of the petition will ask basic questions regarding your case, such as inquiries regarding your property and the venue in which you are filing.