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Top 20 Cases of Interest Filed in the Last 24 Months* Allied Industrial Inc. SV-13-11948-MT, Chapter 11, Filed 03/21/13, Assets $13 million and Liabilities $7 million. Hearings set for 11/14/2013,
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Chapter 11 plan is a proposed reorganization plan for a company that is going through bankruptcy, outlining how the business will restructure its debts and operations.
A company or individual filing for Chapter 11 bankruptcy is required to file a Chapter 11 plan.
To fill out a Chapter 11 plan, detailed financial information, proposed restructuring of debts, and operational changes must be included.
The purpose of a Chapter 11 plan is to provide a roadmap for a bankrupt company to reorganize its debts and operations in order to emerge from bankruptcy as a viable business.
A Chapter 11 plan must include information on the company's assets, liabilities, proposed treatment of creditors, and the proposed repayment schedule.
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