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Bankruptcy Forms Schaeffer, Gary B - Wayne M Greenwald wg6758

Bankruptcy Forms Schaeffer, Gary B - Wayne M Greenwald wg6758 2025

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The document is a Voluntary Petition for Bankruptcy filed by Gary B. Schaeffer in the Southern District of New York. It includes personal and business information, details about debts and creditors, and the nature of the bankruptcy case under Chapter 11. The petition outlines the debtor's financial situation, including estimated assets and liabilities, and lists the 20 largest unsecured claims against the debtor.

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What is a notice of dismissal of bankruptcy?

Dismissal of a Bankruptcy Case Dismissal ordinarily means that the court stopped all proceedings in the main bankruptcy case AND in all adversary proceedings, and a discharge order was not entered. Dismissal can occur because a debtor requested the dismissal and qualifies for voluntary dismissal.

What is the liquidation form of bankruptcy for individuals?

Liquidation under Chapter 7 is a common form of bankruptcy. It is available to individuals who cannot make regular, monthly, payments toward their debts. Businesses choosing to terminate their enterprises may also file Chapter 7.

Is it better to file a Chapter 7 or 13?

Chapter 7 is considered a liquidation bankruptcy: it doesnt require a repayment plan but the business has to sell some assets to pay creditors. Chapter 11 is considered a reorganization bankruptcy that allows businesses to maintain their operations while creating a plan to repay creditors.

What types of bankruptcies are there for individuals?

While Chapter 11 filings can be filed by nearly anyone, Chapter 13 filings are reserved for those with a steady stream of income and who meet debt limit thresholds. These filings allow individuals to pay down their debts over time using a proposed payment plan.

What does ECF stand for in bankruptcy?

Case Management/Electronic Case Files (CM/ECF) is the federal Judiciarys system that allows case documents, such as pleadings, motions, and petitions, to be filed with the court online. CM/ECF is most often used by attorneys in cases, U.S. Trustees, and bankruptcy trustees.

What is the difference between Chapter 7 and Chapter 11 liquidation?

A brief review of the three main types of bankruptcy cases for individuals chapters 7, 11, and 13. The most common types of bankruptcy are chapter 7, which are liquidating bankruptcy, and chapter 13 cases, often used by individuals who want to catch up on past due mortgage or car loan payments and keep their assets.