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Insolvency Proceedings COMES NOW the petitioner through the undersigned attorney, and unto this Honorable Court, respectfully alleges: 1. That he is a merchant, resident, and engaged in the business of ___]_____________ for the last ___________________ years in ________________ within the jurisdiction of this Court; 2. That while he possesses sufficient property to cover all his debts he, nevertheless, foresees the impossibility of meeting them when they respectively fall due; 3. That the reason
for this impossibility is that _______________ (here state the reason
why it would be impossible to meet said
obligations); 4. That attached hereto and made integral parts of this petition are: Schedule "A" which contains a full and true statement of all his debts and liabilities, together with a list of all those to whom said debts and liabilities are due, and Inventory "B" which contains an accurate description of all his real and personal property, estate, and effects, and credits in his favor; 5. That he
requests the following proposed agreement of his creditors: (Here
state the proposed agreement by requests of his
creditors). WHEREFORE, petitioner prays this Honorable Court that he be declared in the state of suspension of payments; that a meeting of the creditors mentioned in Schedule "A" be called for the purpose of approving the said proposed agreement, and to enter such orders as may be necessary in these proceeding. __________, this
__________ day of _____________________,
19_____. |