Select your state

Bankruptcy

petition

A bankruptcy petition is a set of forms (also known as schedules) on which a debtor filing for bankruptcy discloses detailed financial information to the bankruptcy court. These forms will require you to list all of your assets (real property and personal property), your monthly income and expenses, and the debts you want to eliminate or discharge in bankruptcy. Your bankruptcy case begins when you file the bankruptcy petition with the clerk of the bankruptcy court.

In Indiana, as in all states, a bankruptcy petition is the formal document filed by a debtor that initiates a bankruptcy case. This petition includes various forms, often referred to as schedules, which require the debtor to provide comprehensive financial information. The debtor must list all assets, including both real and personal property, monthly income and expenses, and all debts that the debtor seeks to discharge. The filing of the bankruptcy petition with the clerk of the bankruptcy court marks the official start of the bankruptcy process. Federal law, specifically the U.S. Bankruptcy Code, governs the bankruptcy process, while local district bankruptcy courts in Indiana handle the administration of the cases. Debtors in Indiana must also comply with state-specific exemptions and procedural rules when filing for bankruptcy.

Legal Articles

State Statutes

Individual & Family Legal Plan

As a LegalFix member, you'll get expert legal services from a local law firm that treats you like an important client. Don't wait—be prepared for life's inevitable legal challenges starting today. And ask your employer, credit union, or membership group about preferred pricing opportunities.

Bankruptcy

petition

Individual & Family Legal Plan

Articles

Indiana State Code

Indiana State Code

Articles

Bankruptcy

petition