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UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK x × x ADOPTION OF LOCAL BANKRUPTCY RULES x × × x In the matter: The Bankruptcy Judges having considered the report of the Committee

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What is adoption of local bankruptcy?

Adoption of local bankruptcy is the process where a local government entity declares itself bankrupt and seeks relief from its debts.

Who is required to file adoption of local bankruptcy?

Local government entities are required to file adoption of local bankruptcy if they are unable to meet their financial obligations.

How to fill out adoption of local bankruptcy?

Adoption of local bankruptcy forms must be filled out accurately and completely, detailing the financial situation of the local government entity.

What is the purpose of adoption of local bankruptcy?

The purpose of adoption of local bankruptcy is to help local government entities restructure their debts and seek relief from overwhelming financial obligations.

What information must be reported on adoption of local bankruptcy?

Information such as debts, assets, financial statements, and details of creditors must be reported on adoption of local bankruptcy forms.

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