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Case 3:19bk30289Doc 334Filed 07/25/19 Entered 07/25/19 14:06:37 Document Page 1 of 23Desc Main IN THE UNITED STATES BANKRUPTCY COURT FOR THE SOUTHERN DISTRICT OF WEST VIRGINIA In re: Black jewel,
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Chapter 11 refers to a section of the US Bankruptcy Code that deals with reorganization bankruptcy. Blackjewel LLC is a private company that operates coal mines.
Any business or individual facing financial difficulties and seeking to reorganize their debts may file for Chapter 11 bankruptcy, including Blackjewel LLC.
To file for Chapter 11 bankruptcy as Blackjewel LLC, the company would need to submit a petition along with a detailed list of assets, liabilities, income, and expenses to the bankruptcy court.
The purpose of Chapter 11 bankruptcy for Blackjewel LLC would be to restructure its debts, continue operating the business, and come up with a plan to repay creditors.
Blackjewel LLC would need to report detailed financial information, creditor information, proposed repayment plans, and other relevant details to the bankruptcy court.
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