The Vermont Voluntary Petition for Individuals Filing for Bankruptcy is a legal document filed by an individual debtor in the U.S. Bankruptcy Court of Vermont upon filing for bankruptcy. It is the debtor's official statement of their financial status and a way to initiate the bankruptcy process. The petition contains the debtor's name, address, Social Security Number, assets, and liabilities. It must also include a list of creditors and any transfers of property made within the past year. The debtor must sign the petition to certify that the information provided is true and accurate. There are two types of Vermont Voluntary Petition for Individuals Filing for Bankruptcy: Chapter 7 and Chapter 13. Chapter 7 is referred to as a liquidation bankruptcy, in which nonexempt assets are sold to pay creditors. Chapter 13 is a reorganization bankruptcy, in which the debtor creates a repayment plan to pay creditors over a period of three to five years.