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 Utah, as in all states, a bankruptcy petition is the formal document filed by an individual or business to initiate bankruptcy proceedings. The petition includes various forms, known as schedules, which provide the bankruptcy court with detailed information about the debtor's financial situation. These schedules require the debtor to list all assets, including both real and personal property, monthly income and expenses, and all debts that the debtor seeks to have discharged. The filing of the bankruptcy petition officially starts the bankruptcy case and is done with the clerk of the bankruptcy court. Federal law, specifically the U.S. Bankruptcy Code, governs the process of bankruptcy, but local Utah rules and procedures also apply. It is important for debtors in Utah to comply with both federal and local rules, which may include attending a credit counseling session before filing and providing specific documentation. An attorney can help navigate the complexities of the bankruptcy process, ensuring that all necessary information is accurately disclosed and all procedures are correctly followed.