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Case:1810274SDB Doc#:178 Filed:04/03/18 Entered:04/03/18 16:09:39Page:1 of 7IN THE UNITED STATES BANKRUPTCY COURT FOR THE SOUTHERN DISTRICT OF GEORGIA AUGUSTA DIVISION In re: VIBRANT, LLC, et al.,1Debtors.) ))))))Chapter
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Gather all necessary financial documents and records for the company.
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Develop and propose a reorganization plan that outlines how the company intends to address its financial obligations and continue operations.
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Attend court hearings and meetings as required by the bankruptcy process.
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Chapter 11 bankruptcy is a form of bankruptcy that involves reorganization of a debtor's business affairs, debts, and assets.
Any business entity, such as Fibrant LLC, that is struggling with overwhelming debt and needs to reorganize its finances may file for Chapter 11 bankruptcy.
Filing for Chapter 11 bankruptcy involves submitting a petition to the court, along with various financial documents and a proposed reorganization plan.
The purpose of Chapter 11 bankruptcy is to give a struggling business the opportunity to reorganize its finances and debts in order to stay operational.
Information such as the debtor's assets, liabilities, income, expenses, contracts, and proposed reorganization plan must be reported in a Chapter 11 filing.
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