The bankruptcy process begins when the debtor files a petition.
The bankruptcy petition can include the following information:
A list of all creditors and the amount and nature of their claims
Source, amount and frequency of income
List of all property
List of monthly living expenses, such as food, clothing, shelter, utilities, taxes, transportation, medicine, etc.
The petition date usually determines which of the debtor's obligations can be included in the bankruptcy. Any outstanding obligations as of the petition date are typically included.
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