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Bankruptcy

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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 New Hampshire, as in all states, a bankruptcy petition is the formal document filed by an individual or business to initiate bankruptcy proceedings. The U.S. Bankruptcy Code, which is federal law, governs the process and requires the debtor to provide comprehensive financial information through various forms and schedules. These documents must include a list of all assets, both real and personal property, detailed monthly income and expenses, and all debts that the debtor seeks to discharge. The filing of the bankruptcy petition officially starts the case and places an automatic stay on most collection actions against the debtor. The bankruptcy court for New Hampshire is the United States Bankruptcy Court for the District of New Hampshire, and the forms and schedules must be filed with the clerk of this court. It is often advisable for debtors to consult with an attorney to ensure that all required information is accurately and thoroughly presented and to navigate the complexities of bankruptcy law.

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Bankruptcy

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Bankruptcy

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