What type of bankcruptcy is the voluntary bankruptcy?

Is there any one who could tell me about the voluntary bankruptcy.
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—proceeding in which the debtor files the petition for relief.
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More often than not, the particular bankruptcy situation is actually recorded because of the consumer, that's considered some sort of volunteer bankruptcy. When the consumer data the actual personal bankruptcy case, they are instantly eligible for respite from creditors through the failure treatment known as the automatonlike remain.
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