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IN THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF Wisconsin recharter 11, Case No. Debtor.MOTION TO ADMINISTRATIVELY CLOSE CHAPTER 11 CASE (the Debtor), by his/her attorney, moves
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Chapter 11 bankruptcy is a form of bankruptcy that involves reorganization of a debtor's business affairs and assets.
Generally, businesses such as corporations and partnerships file for Chapter 11 bankruptcy. However, individuals can also file for Chapter 11 in certain situations.
Filing for Chapter 11 bankruptcy involves submitting a petition to the bankruptcy court, along with various schedules and other required documents.
The purpose of Chapter 11 bankruptcy is to allow a debtor to reorganize their financial affairs, negotiate with creditors, and develop a plan to repay debts while continuing to operate their business.
Debtors filing for Chapter 11 bankruptcy must report detailed financial information, including income, expenses, assets, liabilities, and a proposed plan for repayment.
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