What does voluntary Chapter 7 mean?

A chapter 7 bankruptcy case does not involve the filing of a plan of repayment as in chapter 13. Instead, the bankruptcy trustee gathers and sells the debtor's nonexempt assets and uses the proceeds of such assets to pay holders of claims (creditors) in ance with the provisions of the Bankruptcy Code.

US Legal Forms
North Carolina Voluntary Petition Package - Chapter 7...

North Carolina Voluntary Petition Package - Chapter 7 --Revised:04/2016)

Name: North Carolina Voluntary Petition Package - Chapter 7 --Revised:04/2016)
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.66 (355 reviews)

Category:

North Carolina Bankruptcy - Official - Middle District

State:

North Carolina

Control #:

NC-SKU-0090

Format:

Instant download

This website is not affiliated with any governmental entity

Public form

Description

Voluntary Petition Package - Chapter 7 --Revised:04/2016) The North Carolina Voluntary Petition Package — Chapter 7 --Revised:04/2016) is a set of forms and documents that a debtor in North Carolina must use to initiate a case under Chapter 7 of the Bankruptcy Code. This package includes the voluntary petition, statement of financial affairs, list of creditors, and other forms that the debtor must complete to start their bankruptcy process. There are two different types of North Carolina Voluntary Petition Package — Chapter 7 --Revised:04/2016): an individual package and a non-individual package. The individual package is for individuals who are filing bankruptcy, while the non-individual package is for businesses and entities. Additionally, this package includes instructions on completing the forms and filing the petition, as well as information about the bankruptcy process in North Carolina.

The North Carolina Voluntary Petition Package — Chapter 7 --Revised:04/2016) is a set of forms and documents that a debtor in North Carolina must use to initiate a case under Chapter 7 of the Bankruptcy Code. This package includes the voluntary petition, statement of financial affairs, list of creditors, and other forms that the debtor must complete to start their bankruptcy process. There are two different types of North Carolina Voluntary Petition Package — Chapter 7 --Revised:04/2016): an individual package and a non-individual package. The individual package is for individuals who are filing bankruptcy, while the non-individual package is for businesses and entities. Additionally, this package includes instructions on completing the forms and filing the petition, as well as information about the bankruptcy process in North Carolina.

View Screening Information - Client Interview Form

View this form

View Memorandum Regarding Partition and of Family Owned Business and Related Property

View this form

View Instructions for Severance of Joint Tenancy

View this form

View Request for Service by Publication, Affidavit and Summons

View this form

View Verified Statement Identifying Marital and Non-Marital Assets

View this form

How to fill out North Carolina Voluntary Petition Package - Chapter 7 --Revised:04/2016)?

If you’re looking for a way to properly complete the North Carolina Voluntary Petition Package - Chapter 7 --Revised:04/2016) without hiring a legal professional, then you’re just in the right place. US Legal Forms has proven itself as the most extensive and reliable library of formal templates for every personal and business situation. Every piece of documentation you find on our web service is created in accordance with nationwide and state laws, so you can be sure that your documents are in order.

Adhere to these simple instructions on how to obtain the ready-to-use North Carolina Voluntary Petition Package - Chapter 7 --Revised:04/2016):

Make sure the document you see on the page meets your legal situation and state laws by examining its text description or looking through the Preview mode.
Enter the form name in the Search tab on the top of the page and select your state from the dropdown to find an alternative template in case of any inconsistencies.
Repeat with the content check and click Buy now when you are confident with the paperwork compliance with all the demands.
Log in to your account and click Download. Register for the service and choose the subscription plan if you still don’t have one.
Use your credit card or the PayPal option to pay for your US Legal Forms subscription. The blank will be available to download right after.
Decide in what format you want to get your North Carolina Voluntary Petition Package - Chapter 7 --Revised:04/2016) and download it by clicking the appropriate button.
Add your template to an online editor to complete and sign it rapidly or print it out to prepare your hard copy manually.

Another great advantage of US Legal Forms is that you never lose the paperwork you purchased - you can find any of your downloaded templates in the My Forms tab of your profile whenever you need it.

Form Rating

4.66

Satisfied(355)

Form popularity

FAQ

Alimony and child support obligations are considered priority claims.

Examples of priority claims include: employee compensation owed, unpaid contributions to employee benefits plans, tax obligations owed to the government, pending personal injury or workplace injury or death claims, certain deposits given to the Creditor to secure future goods or services, alimony, child support, and

A chapter 7 bankruptcy case does not involve the filing of a plan of repayment as in chapter 13. Instead, the bankruptcy trustee gathers and sells the debtor's nonexempt assets and uses the proceeds of such assets to pay holders of claims (creditors) in ance with the provisions of the Bankruptcy Code.

Secured creditors generally get priority, while unsecured creditors are paid pro-rata on their claims. The intent of Chapter 7 is to give the debtor a ?fresh start? and for the creditors to recover as much as they otherwise would've been able to under non-bankruptcy law.

Priority Unsecured Claims Examples include alimony, child support, restitution, and administrative claims. The specific classes of priority claims are set forth in the Bankruptcy Code. In a Chapter 7 case, priority claims receive payment in full before any payments to general unsecured creditors.

The right of a person or company to be paid money that is owed to them by a bankrupt company before other people or companies are paid.

A bankruptcy discharge releases the debtor from personal liability for certain specified types of debts. In other words, the debtor is no longer legally required to pay any debts that are discharged.

More info

Revision Date: Dec, 01 2015. Chapter 11 Voluntary Petition for Non-Individual.File the Attachment to Voluntary Petition for. Non-Individuals Filing for Bankruptcy under Chapter 11 (Official Form 201A) with this form. Package and adequate protection claims being provided to the Prepetition Secured. He wants to enable new business to thrive and new shoppers to come. 7. Approve the May 17, 2016, Final Meeting Minutes of the 2015 VAB. The governing body of. Fire District 1 - Johnson County Kansas. PC-04-2016: Annual Appointment of Plan Commission Vice Chairperson.

North Carolina Voluntary Petition Package - Chapter 7 --Revised:04/2016)

Description

Related forms

How to fill out North Carolina Voluntary Petition Package - Chapter 7 --Revised:04/2016)?

Show more info

Form Rating

Form popularity

FAQ

What is an example of a priority claim quizlet?

Which is an example of a priority claim?

What does voluntary Chapter 7 mean?

What are priority claims in Chapter 7?

What is an example of a priority unsecured claim?

What is a priority claim?

When a debtor no longer has an obligation?

More info

Trusted and secure by over 3 million people of the world’s leading companies