Bankruyptcy Lawyer, Columbia SC

What is a bankruptcy petition?

A bankruptcy petition is a form that a debtor files to commence a case before the bankruptcy court. The debtor elects in the document the bankruptcy chapter under which he or she will proceed and provides certain other required identifying information.  The document is signed by the debtor under penalty of perjury. Married individuals are allowed to file a joint petition whereby a single bankruptcy case is commenced for the two married individuals. In some situations creditors can file an involuntary petition against a debtor who owes the creditor, forcing a bankruptcy filing upon the debtor.