The West Virginia Voluntary Petition — Form 1 is a legal document that individuals or businesses in West Virginia can use to initiate the bankruptcy process. This petition is submitted to the bankruptcy court to declare one's intention to seek debt relief through bankruptcy. It provides a detailed account of the petitioner's financial situation, assets, liabilities, and other essential information required by the court. Keywords: West Virginia, voluntary petition, form 1, bankruptcy process, debt relief, financial situation, assets, liabilities, bankruptcy court. There are different types of West Virginia Voluntary Petition — Form 1, based on the type of bankruptcy being filed. The most common types include: 1. Chapter 7 Bankruptcy: This is also known as "liquidation" bankruptcy. It involves the sale of the debtor's non-exempt assets to repay creditors. Chapter 7 is typically available to both individuals and businesses. 2. Chapter 13 Bankruptcy: This is also known as "reorganization" bankruptcy. It allows individuals with regular income to create a repayment plan to pay off their debts over a period of three to five years. 3. Chapter 11 Bankruptcy: This is primarily designed for businesses, allowing them to restructure their debts while continuing their operations. Chapter 11 bankruptcy petitions are generally more complex and involve greater court oversight. 4. Chapter 12 Bankruptcy: This type of bankruptcy is specifically designed for family farmers or fishermen and provides them with a plan to repay their debts over time, similar to Chapter 13. It is important to consult an attorney or seek legal advice to determine the appropriate bankruptcy type and ensure the correct completion of the West Virginia Voluntary Petition — Form 1 for one's specific situation and needs.