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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 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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