CHAPTER 11 PETITION PACKAGE This Chapter 11 Petition Package includes the basic information and forms required to file a voluntary chapter 11 bankruptcy case in the Central District of California.
Chapter 11 is designed for the reorganization of a business but is also available to consumer debtors. Its provisions arequite complicated, and any decision by an individual to file a chapter 11 petition should be reviewed with an attorney.
A bankruptcy petition preparer who does not comply with the provisions of title 11 of the United States Code and the Federal Rules of Bankruptcy Procedure may be fined, imprisoned, or both. 11 U.S.C. § 110; 18 U.S.C. § 156.
Its provisions arequite complicated, and any decision by an individual to file a chapter 11 petition should be reviewed with an attorney. Chapter 12 is designed to permit family farmers and fishermen to repay their debts over a period of time from futureearnings and is similar to chapter 13.