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Signature of attorney /s/ Alfredo R. P rez Date Weil Gotshal Manges LLP Firm Name Louisiana Street TX 713 546-5000 alfredo. Childress By Jason M. Childress Title Vice President COLUMBUS ENERGY LLC WHT ENERGY PARTNERS LLC MEMORIAL MIDSTREAM LLC MEMORIAL ENERGY SERVICES LLC BETA OPERATING COMPANY LLC RISE ENERGY OPERATING LLC WHT CARTHAGE LLC RISE ENERGY BETA LLC RISE ENERGY MINERALS LLC Exhibit A WHEREAS each Company is a direct or indirect wholly-owned subsidiary of Memorial Production...

How to fill out chapter 11 voluntary petition

How to fill out chapter 11 voluntary petition

1. Start by gathering all the necessary financial documents such as balance sheets, income statements, and cash flow statements.
2. Complete the Voluntary Petition form, which can typically be found on the United States Courts website.
3. Provide all the required information on Schedule A, which includes a list of all assets.
4. Fill out Schedule D, which lists all secured debts, and Schedule E, which lists all priority unsecured debts.
5. Complete Schedule F to list all general unsecured debts.
6. Include a statement of financial affairs, which requires providing detailed information about your financial history, income, expenses, and any recent business transactions.
7. Prepare a disclosure statement and a plan of reorganization to outline how you intend to restructure your debts and operations.
8. File the completed forms with the bankruptcy court in your jurisdiction and pay the required filing fee.
9. Attend the meeting of creditors, also known as the 341 meeting, where you will be questioned about your bankruptcy petition and financial affairs by the bankruptcy trustee.
10. Work with your bankruptcy attorney to negotiate with creditors and seek approval for your reorganization plan.
11. Once the court approves your plan, adhere to its terms and continue to make payments as required.
12. Monitor and comply with all reporting obligations and deadlines as outlined by the court.

Who needs chapter 11 voluntary petition?

1. Businesses that are struggling with overwhelming debt and are unable to pay their creditors may need to file for Chapter 11 bankruptcy.
2. Chapter 11 is typically utilized by businesses, although individuals with high levels of debt may also qualify.
3. It is meant for entities that wish to reorganize their debts and continue operating rather than liquidating their assets and closing down.
4. Companies that want to protect their assets and negotiate with their creditors to repay debts over time often opt for Chapter 11.
5. It provides an opportunity for businesses to stay afloat, restructure their operations, and repay creditors based on a court-approved plan of reorganization.
6. Chapter 11 allows companies to address financial difficulties while keeping control of their business operations and assets.

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What is chapter 11 voluntary petition?

Chapter 11 voluntary petition is a legal process that allows businesses to restructure their debts and reorganize their finances while continuing to operate.

Who is required to file chapter 11 voluntary petition?

Businesses, corporations, and individuals can file chapter 11 voluntary petitions if they are struggling to pay their debts and need to reorganize their finances.

How to fill out chapter 11 voluntary petition?

To fill out a chapter 11 voluntary petition, you will need to provide detailed information about your financial situation, including your assets, liabilities, income, and expenses.

What is the purpose of chapter 11 voluntary petition?

The purpose of a chapter 11 voluntary petition is to allow businesses and individuals to restructure their debts, develop a plan to repay creditors, and continue operations.

What information must be reported on chapter 11 voluntary petition?

Information that must be reported on a chapter 11 voluntary petition includes a list of assets and liabilities, income and expenses, contracts and leases, and proposed repayment plan for creditors.