Lorenzo was a realtor. For a few years, he made a substantial income. During and after a serious recession, however, his income matched the drop in property values and numbers of sales. As his business floundered, Lorenzo found himself unable to pay his debts. He approached Rosanna, a bankruptcy attorney, to explore his options. Rosanna suggested that filing a petition for bankruptcy under Chapter 7 might be Lorenzo’s best course.

What are the requirements for filing a voluntary Chapter 7 bankruptcy petition? The debtor must be a ______________ —an individual, partnership, or corporation—

not otherwise prohibited from using Chapter 7. The debtor must file a ______________ that includes certain information, including a list of the debtor’s creditors and the amounts owed to each. The forms must be completed accurately, sworn to under oath, and signed by the debtor. A debtor must include a certificate proving that they received ______________ from an approved agency within the last six months.