The Wisconsin Voluntary Petition for Non-Individuals Filing for Bankruptcy is a document used by businesses, partnerships, and other non-individuals to file for Chapter 7 or Chapter 11 bankruptcy in Wisconsin. This petition includes a description of the debtor’s assets, liabilities, income, expenses, and other financial information. It also includes a list of creditors, a statement of financial affairs, and a statement of current monthly income and expenses. The petition must be filed with the U.S. Bankruptcy Court for the Eastern District of Wisconsin. There are two types of Wisconsin Voluntary Petitions for Non-Individuals Filing for Bankruptcy: Chapter 7 and Chapter 11. Chapter 7 is a liquidation bankruptcy, where all non-exempt assets are sold and the proceeds are used to pay creditors. Chapter 11 is a reorganization bankruptcy, where the debtor is able to restructure their debt and continue to operate their business.
Wisconsin Voluntary Petition for Non-Individuals Filing for Bankruptcy
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How to fill out Wisconsin Voluntary Petition For Non-Individuals Filing For Bankruptcy?
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