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Official Form 105 Involuntary Petition Against an Individual
What Is Official Form 105?
This is a legal form that was released by the United States Bankruptcy Court on December 1, 2015 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Official Form 105?A: Official Form 105 is a legal document used to file an involuntary petition against an individual bankruptcy debtor.
Q: What is an involuntary petition?A: An involuntary petition is a legal request to the bankruptcy court by creditors to force an individual into bankruptcy.
Q: Who can file an involuntary petition against an individual?A: Creditors who are owed debts by an individual can file an involuntary petition against that individual.
Q: What are the requirements for filing an involuntary petition?A: There must be at least three creditors, the debts owed must be collectively above a certain threshold, and the debtor must have fewer than 12 creditors.
Q: What happens after an involuntary petition is filed?A: The bankruptcy court will review the petition and if it determines the debtor is eligible, it can order the debtor into bankruptcy.
Q: Are there any consequences for filing an involuntary petition?A: Yes, if the court finds that the petition was filed in bad faith, the filing creditor may be liable for damages to the debtor.
Form Details:
- Released on December 1, 2015;
- The latest available edition released by the United States Bankruptcy Court;
- Easy to use and ready to print;
- Yours to fill out and keep for your records;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Official Form 105 by clicking the link below{class="scroll_to"} or browse more documents and templates provided by the United States Bankruptcy Court.
Download Official Form 105 Involuntary Petition Against an Individual
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