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Petition for Bankruptcy

 

Petition for Bankruptcy

[UNDER THE BANKRUPTCY CODE, YEAR]
BEFORE THE HONORABLE [COURT NAME]

In the Matter of:
[Petitioner's Name/Business Name]
Petitioner
Versus
[Respondent’s Name, if applicable]
Respondent (if applicable)

PETITION FOR BANKRUPTCY UNDER SECTION [SPECIFY SECTION] OF THE [BANKRUPTCY CODE]

1. Title of the Petition

"Petition for Declaration of Bankruptcy and Financial Relief"

2. Details of the Petitioner

  • Name of the Petitioner: [Full Name of Individual/Entity]
  • Address: [Registered Address of Individual/Entity]
  • Business Details (if applicable): [Details of Business Registration, Tax Identification Number]
  • Contact Information: [Phone Number, Email Address]

3. Jurisdiction

This Honorable Court has jurisdiction to hear and determine the matter under Section [specific section] of the [Bankruptcy Act].

4. Nature of Business/Occupation

  • Briefly describe the nature of the petitioner's business or occupation.
  • Mention the annual turnover or financial highlights if it is a business entity.

5. Reasons for Filing Bankruptcy

  • Details of the debts incurred (e.g., secured and unsecured loans, trade payables).
  • Financial hardships faced by the petitioner (e.g., declining revenues, market losses).
  • Overview of inability to meet obligations.

6. Liabilities and Assets

  • Complete list of creditors and the amount owed to each.
  • Inventory of assets (real estate, cash, receivables, etc.) and their estimated value.

7. Relief Sought

  • Declaration of Bankruptcy.
  • Appointment of an Insolvency Professional (if applicable).
  • Request for an automatic stay on debt recovery proceedings.

8. Declaration and Verification

I, [Name], solemnly declare that the facts stated in this petition are true and correct to the best of my knowledge, belief, and information.

Date: [Insert Date]
Place: [Insert Place]

[Signature of the Petitioner/Authorized Representative]
[Name]
[Designation]

9. Annexures

  1. Statement of Liabilities.
  2. List of Assets.
  3. Financial Statements (Profit & Loss, Balance Sheet).
  4. Supporting Documents (Loan Agreements, Notices from Creditors, etc.).
  5. Copy of Government-Issued ID and Proof of Address.

Legal Notice

This petition is being filed to invoke the rights and protections available under the [Bankruptcy Code] for the petitioner to resolve financial constraints.

Expert Bankruptcy Petition Drafting Service

At Lexis and Company, we specialize in drafting Bankruptcy Petitions and other legal documents tailored to your specific needs. Whether you're seeking relief under insolvency laws or navigating financial recovery strategies, our expert team ensures precision and compliance with legal standards.

Why Choose Us?

✔ Tailored solutions for individuals and businesses.
✔ Quick turnaround time.
✔ Expert advice and drafting assistance.
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Contact Us

📞 Phone/WhatsApp: +91-9051112233
📧 Email: support@lexisandcompany.in
🌐 Visit: lexisandcompany.in

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