The Kentucky Voluntary Petition for Individuals Filing for Bankruptcy is a legal document used to initiate a Chapter 7 or Chapter 13 bankruptcy case in a federal court in Kentucky. It is used to declare an individual’s eligibility for bankruptcy relief and provide detailed information about their assets, liabilities, income, and expenses. The petition includes information such as the debtor’s name and address, the names of creditors, a list of secured and unsecured debts, information about the debtor’s income and expenses, and a detailed list of property owned by the debtor. It also includes a statement of intent to surrender certain assets to the bankruptcy trustee. There are two types of Kentucky Voluntary Petition for Individuals Filing for Bankruptcy: the Chapter 7 Petition and the Chapter 13 Petition. The Chapter 7 Petition is used when an individual is seeking a full discharge of their eligible debts. The Chapter 13 Petition is used when an individual is seeking an organized repayment plan for their debts.