Consumer Bankruptcy Journal Fall 2015 | Page 64

Form Modernization Overview

Official Form 101

Overview:
Official Form 101, Voluntary Petition for Individuals Filing for Bankruptcy, replaces Official Form 1, Voluntary
Petition.
New Form Elements:

Part 3, Report About Any Businesses You Own as a Sole Proprietor, line 12, incorporates options from the “nature of
business” box from page 1 of Official Form 1 that would apply to individual debtors, thus eliminating checkboxes
for railroads and clearing banks. Part 3, line 13, also eliminates a checkbox to report whether a plan was filed with
the petition, or if plan acceptances were solicited prepetition. Additionally, line 13 rephrases the question relating
to whether a debtor filing under Chapter 11 is a small business debtor.

REVISED – Line #12 now
incorporates options
from the “nature of
business” box from page
1 of replaced Official
Form 1 that would apply
to individual debtors,
eliminating checkboxes
for railroads and clearing
banks.

REVISED - Line #13, also
eliminates a checkbox to
report whether a plan
was filed with the
petition, or if plan
acceptances were
solicited prepetition.
Additionally, line 13
rephrases the question
relating to whether a
debtor filing under
Chapter 11 is a small
business debtor.

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