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Get the free Chapter 13 Municipal Utilities - City of Mayville

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The document contains regulations and provisions relating to municipal utilities, specifically focusing on the water and sewer services provided in Mayville. It includes rules, fees, responsibilities,
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Chapter 13 municipal utilities is a section of the United States Bankruptcy Code that provides a mechanism for municipalities to reorganize their debts and continue providing essential public services, such as water, electricity, and sanitation.
Municipalities, including cities, towns, and counties, that are facing financial difficulties and need to restructure their debts while ensuring the continued provision of utilities services may file for chapter 13 municipal utilities.
Filing for chapter 13 municipal utilities requires the municipality to submit a petition to the bankruptcy court. The petition must include detailed financial information, proposed repayment plans, and a demonstration of the municipality's ability to continue providing utilities services throughout the reorganization process.
The purpose of chapter 13 municipal utilities is to provide financially distressed municipalities with a legal framework to restructure their debts and ensure the continued provision of essential public services. It helps municipalities avoid service disruption and insolvency while working towards long-term financial stability.
When filing for chapter 13 municipal utilities, the municipality must report detailed financial information, including its assets, liabilities, and income. It must also propose a plan to repay its debts, demonstrate its ability to continue providing utilities services, and provide any other relevant information required by the bankruptcy court.
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