Bankruptcy Petition - Chapter 7
ARKANSAS CHAPTER 7 FILING PREPARATION AND SOURCE-CONTROL PACKET
NOT A BANKRUPTCY PETITION. DO NOT FILE.
1. Debtor and Matter Classification
| Field | Entry |
|---|---|
| Debtor(s) | [________________________________] |
| Individual / entity | [________________________________] |
| Residence and domicile history | [________________________________] |
| Prior bankruptcy matters | [________________________________] |
| Pending litigation / collection / foreclosure | [________________________________] |
| Business ownership or operation | [________________________________] |
| Urgent date or event | [________________________________] |
2. Current-Authority and Form Gate
Counsel must identify the filing-date versions of all governing sources.
| Control | Official source / version / checked date |
|---|---|
| Eligibility and chapter choice | [________________________________] |
| Required pre-filing process | [________________________________] |
| Current national forms | [________________________________] |
| Selected Arkansas bankruptcy district local rules, forms, and orders | [________________________________] |
| Filing method and signature requirements | [________________________________] |
| Fee, installment, or waiver route | [________________________________] |
| Exemption law and domicile selection | [________________________________] |
| Means-test route | [________________________________] |
| Debtor education / discharge controls | [________________________________] |
3. Financial Intake Inventory
☐ Identity and household information
☐ Income and benefit records
☐ Tax returns and pay records
☐ Real and personal property
☐ Bank, investment, retirement, insurance, and digital assets
☐ Secured, priority, unsecured, disputed, contingent, and unliquidated claims
☐ Leases and executory contracts
☐ Transfers, payments, gifts, losses, and prior financial events
☐ Lawsuits, judgments, garnishments, repossessions, and foreclosures
☐ Co-debtors and business interests
Source / missing-item log: [________________________________]
4. Filing Package Control
| Item | Required? | Current form / source | Responsible person | Status |
|---|---|---|---|---|
| Voluntary filing document | [____] | [________________________________] | [________________________________] | [____] |
| Schedules / statements | [____] | [________________________________] | [________________________________] | [____] |
| Creditor data | [____] | [________________________________] | [________________________________] | [____] |
| Means-test material | [____] | [________________________________] | [________________________________] | [____] |
| Local document | [____] | [________________________________] | [________________________________] | [____] |
| Other | [____] | [________________________________] | [________________________________] | [____] |
5. Advice and Risk Questions
Counsel must separately analyze eligibility, property of the estate, exemptions, stay scope and exceptions, avoidance exposure, secured-debt treatment, leases, discharge scope and exceptions, nondischargeability, dismissal or conversion risk, tax effects, litigation, and local procedure. This packet states no outcome on any of them.
6. Verification Before Filing
☐ Every answer traced to a source document or explained
☐ Names, addresses, account identifiers, totals, and dates cross-checked
☐ Current official forms used without recreating their certifications
☐ Required signatures obtained through the authorized filing process
☐ Filing-date deadlines independently calendared
☐ Client reviewed the completed official documents with counsel
Prepared by: [________________________________]
Official sources checked through: [__/__/____]
Attorney approval to assemble official filing package: [________________________________]
About This Template
Financial and banking documents govern loans, security interests, account agreements, and commercial transactions between lenders, borrowers, and financial institutions. Promissory notes, guaranties, security agreements, and UCC filings have precise legal requirements, and mistakes can leave a lender unsecured or a borrower on the hook for more than they agreed to. Well-drafted finance paperwork protects both sides and keeps the deal enforceable if something goes wrong later.
Important Notice
This template is provided for informational purposes. It is not legal advice. We recommend having an attorney review any legal document before signing, especially for high-value or complex matters.
Checked against the law it cites
A reviewer verified this template's legal citations against the official source on 2026-09-03.
11 U.S.C. § 707(a) (checked 2026-08-30): "The court may dismiss a case under this chapter only after notice and a hearing and only for cause."
Last updated: 2026-09-03
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