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Case 1760079 Document 1639 Filed in TSB on 02/13/19-Page 1 of 10IN THE UNITED STATES BANKRUPTCY COURT FOR THE SOUTHERN DISTRICT OF TEXAS VICTORIA DIVISION In re: BEADROLL LIMITED, et al.,1 Reorganized
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Chapter 11 Seadrill L refers to the bankruptcy process that Seadrill Ltd, a drilling rig operator, files for in order to reorganize its debts and operations.
Any entity, such as a corporation, partnership, or individual, can file for Chapter 11 bankruptcy, including Seadrill Ltd.
Chapter 11 forms must be filled out accurately and completely, including financial information, asset disclosures, and proposed reorganization plans.
The purpose of Chapter 11 bankruptcy for Seadrill Ltd is to restructure its debts, negotiate with creditors, and continue operating while implementing a plan for financial recovery.
Chapter 11 filings for Seadrill L must include detailed financial statements, lists of creditors, proposed restructuring plans, and other relevant information.
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