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Form B-8 Chapter 7 Individual Debtor’s Statement of Intention

INSTRUCTIONS : INDIVIDUAL DEBTORS STATEMENT OF INTENT (Form B-8)


Form B-8, which is the Individual Debtors Statement of Intent, is a national form and can be used in General Bankruptcy filings. In most cases, this particular form consists of three pages and requires the individual filing for bankruptcy to affirm certain financial records to the particular bankruptcy court initiating the filing.


The first page of the form requires the debtor to first enter his name and case number; part A of the Form requires the individual filing for bankruptcy to list all debts secured by property of the estate. In this portion of the petition the filer will list his or her property, the creditor who issued money for the property and the type of debt secured by the individual. Next, the individual will check a box stating whether the underlying property will be surrendered or retained by the filer. If the filer chooses to retain the property he or she must then check whether they are redeeming the property, reaffirming the debt attached to the property or avoiding lien by initiating a financial maneuver. In addition to supplying this information, the individual will also be required to check whether the property is claimed as exempt or not claimed as exempt. 


Part B of the Individual Debtors Statement of Intent requires the individual to list all personal property that is subject to unexpired leases. In this section the filer will list his or her name and describe the type of leased property. Once this information is entered, the individual must sign his or her name and date the document to affirm the financial information offered on the Individual Debtors Statement of Intent. 

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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.

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