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Get the free Plan of Liquidation under Chapter 11 of the Bankruptcy Code

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Case 10-31202-DOT Doc 879 Filed 08/24/11 Entered 08/24/11 11:55:47 Document Page 1 of 42 Disc Main IN THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF VIRGINIA RICHMOND DIVISION In re:
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Plan of liquidation is a document that outlines how a company will close its business and distribute its assets.
A company that is ceasing its operations or closing down is required to file a plan of liquidation.
Plan of liquidation should be filled out carefully, detailing all the steps the company will take to wind down its operations.
The purpose of a plan of liquidation is to provide a roadmap for how the company will settle its debts, distribute assets, and close its business.
The plan of liquidation must include information on the company's assets, liabilities, creditors, and how the assets will be distributed.
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