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Case 1432821sgj11 Doc 583 Filed 11/24/14Vincent P. Slasher, State Bar No. 00785480 Vincent. Slasher×dlapiper.com Andrew Bollinger, State Bar No. 24063944 Andrew. Bollinger×dlapiper.com DLA Piper
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Chapter 9 bankruptcy is for municipalities and government entities to reorganize their debts and create a plan to repay creditors.
Municipalities and government entities are required to file for chapter 9 bankruptcy when facing financial difficulties.
To fill out chapter 9 bankruptcy, a municipality or government entity must follow the guidelines set by the Bankruptcy Code and work with legal counsel.
The purpose of chapter 9 bankruptcy is to provide a framework for municipalities to restructure their debts, manage finances, and continue providing essential services.
Information such as financial statements, debts owed, creditor information, and proposed repayment plan must be reported on chapter 9 bankruptcy forms.
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