The united states Bankruptcy Court

for the Eastern District of Virginia            

Chapter 11 -  “Reorganization”

A chapter 11 case provides you the opportunity to reorganize or readjust debts through a plan or contract with creditors.  Creditors are allowed to vote on the plan and the plan must be approved by the Court.  Individuals and most businesses can file a petition under chapter 11. 

 

Chapter 11 Filing Requirements

An original of the following is required when filing a chapter 11:

· Notice to Individual Consumer Debtor (s)*

· Voluntary Petition*

· Statement of Social Security Number (s)* not available to public

· Exhibit D - Individual Debtor's Statement of Compliance With Credit Counseling - EDVA, and Certificate of Credit Counseling (or Certificate of Exigent Circumstance or Motion for Exemption) *Individuals only

· Corporate Resolution* only if corporation

· Corporate Ownership Statement* only if corporation

· Declaration of Divisional Venue*

· Fees - a payment due at time of filing* (must be cash or money order)

· Schedules A through J

· Summary of Schedules and Statistical Summary of Certain Liabilities

· List of Creditors - Mailing Matrix (in txt format) with Coversheet* must be submitted on computer diskette

· List of Creditors Holding 20 Largest Unsecured Claims*

· Small Business: Balance Sheet, Statement of Operations, Cash-flow Statement, Income Tax Return*

· Statement of Financial Affairs

· Statement of Current Monthly Income (Form B22B) (individual only)

· Disclosure Statement of Bankruptcy Petition Preparer (Form B280), if applicable

· Declaration and Signature of Non-Attorney Bankruptcy Petition Preparer (See 11 U.S.C. §110) (Official Form 19 - which includes Notice to Debtor for Non-Attorney Bankruptcy Petition Preparer)

· List of Equity Security Holders

 

*The asterisk at the noted bullet items above identify the minimum requirements to initiate a bankruptcy case. You must file these asterisked items to initiate your bankruptcy case. You will need to provide your daytime telephone number to the Clerk’s Office.

 

PLEASE NOTE: Corporations and Partnerships must be represented by an attorney when filing for bankruptcy.             

 

 

 

 

 

 

 

 

 

 

 

Chapter 11 “Reorganization”

IMPORTANT: Failure to comply with the filing requirements or missing deadlines may result in your case being dismissed and loss of bankruptcy protection.  Please read the section on Minimum Requirements to Initiate Bankruptcy Case; Notice of Possible Dismissal of Your Case.