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UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE) In re:) Chapter 11) CB HOLDING CORP., et al.,) Case No. 1013683 (MFA)) Debtors. ) Jointly Administered)) MOTION AND ORDER FOR ADMISSION
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In re chapter 11 refers to a bankruptcy proceeding where a business reorganizes and creates a plan to repay its creditors.
Companies or businesses struggling with financial obligations may file for reorganization under chapter 11.
Filing for chapter 11 involves submitting a petition, financial documents, and a reorganization plan to the bankruptcy court.
The purpose of chapter 11 is to help businesses restructure their debts and continue operating while repaying creditors.
Information such as assets, liabilities, income, expenses, creditor claims, and the proposed reorganization plan must be reported in chapter 11 filings.
The deadline to file for chapter 11 in 2024 would depend on the specific case and court proceedings.
Penalties for late filing may include dismissal of the case, loss of certain rights, or sanctions by the bankruptcy court.
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