---
title: "Assemble the facts for an individual bankruptcy petition and the papers filed with it"
url: "https://ailawframework.com/practice/insolvency-restructuring-and-bankruptcy/prepare-appointment-papers-for-administration-liquidation-or-receivershi/united-states"
type: "task_jurisdiction_version"
site: "AI Law Framework"
id: "A8-T1-R2-US"
practice_area: "Insolvency, Restructuring & Bankruptcy"
tier: "red"
lawyer_review: "required"
jurisdictions: ["US"]
last_reviewed: "2026-10-22"
---

# Assemble the facts for an individual bankruptcy petition and the papers filed with it

> List the assets, debts, income, and employers shown in the documents the lawyer marks, with the document name. Write none of the petition, the schedules, or the statement of financial affairs.

Canonical page: https://ailawframework.com/practice/insolvency-restructuring-and-bankruptcy/prepare-appointment-papers-for-administration-liquidation-or-receivershi/united-states  
Last reviewed: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Insolvency, Restructuring & Bankruptcy](https://ailawframework.com/practice/insolvency-restructuring-and-bankruptcy.md) |
| Human involvement | Red: Lawyer writes; AI may check, clarify or collect data |
| How AI is used | List the assets, debts, income, and employers shown in the documents the lawyer marks, with the document name. Write none of the petition, the schedules, or the statement of financial affairs. |
| What the lawyer must review | Official Form B 101 is the Voluntary Petition for Individuals Filing for Bankruptcy. The form page states form number B 101, category Individual Debtors, effective 22 June 2024, and that official forms must be used under Bankruptcy Rule 9009. The PDF was not opened, so this version does not describe any declaration on the form. 11 U.S.C. § 521(a)(1) lists what else the debtor files, including the list of creditors and, unless the court orders otherwise, the schedules, the statement of financial affairs, employer payment advices for the 60 days before filing, the statement of monthly net income, and the statement of a reasonably anticipated increase over the 12 months after filing. The lawyer prepares every paper. Bankruptcy Rule 9011(b) certifies a petition that is presented. A non-individual petition form was not opened. |
| Written for | United States |
| Applies to | [Prepare appointment papers for administration, liquidation or receivership](https://ailawframework.com/practice/insolvency-restructuring-and-bankruptcy/prepare-appointment-papers-for-administration-liquidation-or-receivershi.md) |

## Checking plan

- What the AI does: List the assets, debts, income, and employers shown in the documents the lawyer marks, with the document name. Write none of the petition, the schedules, or the statement of financial affairs.
- Basis: Checked against the linked sources on 22 October 2026. Confirm the current instrument before reliance.

## Notes

- Form B 101 is for an individual debtor. Do not use it for a company.
- The petition date drives preference and fraudulent-transfer periods. The tool does not choose that date.
- Rule 1007’s filing deadlines were not opened.

## Sources

- [Official Form B 101, Voluntary Petition for Individuals Filing for Bankruptcy (effective 22 June 2024)](https://www.uscourts.gov/forms-rules/forms/voluntary-petition-individuals-filing-bankruptcy) (checked 2026-10-22)
- [11 U.S.C. § 521, debtor’s duties](https://www.law.cornell.edu/uscode/text/11/521) (checked 2026-10-22)
- [Federal Rule of Bankruptcy Procedure 9011](https://www.law.cornell.edu/rules/frbp/rule_9011) (checked 2026-10-22)

## Forms and precedents for this task

| Form or precedent | Kind | AI level | Summary |
| --- | --- | --- | --- |
| [ASIC Form 505: appointment or cessation of an external administrator](https://ailawframework.com/precedents/insolvency-restructuring-and-bankruptcy/form-asic-505-external-administrator.md) | Form | Yellow | Link to ASIC Form 505. The form page says it is used to appoint or cease appointment of an external administrator. There is no fee. Late fees are stated in dollars. |
| [Small business restructuring eligibility record](https://ailawframework.com/precedents/insolvency-restructuring-and-bankruptcy/restructuring-eligibility-record.md) | Checklist | Yellow | Record of the section 453C tests and the appointment limits ASIC describes, before directors appoint a restructuring practitioner. It is not the appointment. |
| [ASIC Form 507: report on company activities and property](https://ailawframework.com/precedents/insolvency-restructuring-and-bankruptcy/form-asic-507-report-company-activities.md) | Form | Yellow | Link to ASIC Form 507, the report on company activities and property at the start of an external administration. Part B is not part of the form and is not lodged. |
| [ASIC Form 506: change of address of an external administrator](https://ailawframework.com/precedents/insolvency-restructuring-and-bankruptcy/form-asic-506-external-administrator-address.md) | Form | Yellow | Link to ASIC Form 506. The form page says it notifies a change of address of an external administrator, controller or scheme administrator, within 14 days after the change. |

Signed-in accounts can read the full text of each one.

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*