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Notice of Intent to Adopt Rules
A copy of the proposed rules may be obtained at https://rules.wyo.gov
RevisedJune2020
1. General Information
a. Agency/Board Name×Livestock Board. Agency/Board Address.
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Who needs chapter 9 and 21?
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Chapter 9 and 21 are necessary for individuals or entities who are involved in legal proceedings or bankruptcy cases.
02
Chapter 9 refers to the bankruptcy for municipalities, including cities, towns, or other governmental bodies.
03
Chapter 21 pertains to the filing of bankruptcy cases by individuals or businesses seeking reorganization.
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Thus, Chapter 9 and 21 are required by those seeking bankruptcy protection or going through bankruptcy processes.
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What is chapter 9 and 21?
Chapter 9 refers to a section of the United States Bankruptcy Code that provides for the adjustment of debts for municipalities, while Chapter 21 is not a recognized chapter in the Bankruptcy Code and may refer to a specific state's financial regulations.
Who is required to file chapter 9 and 21?
Chapter 9 is filed by municipalities seeking debt relief, whereas Chapter 21 does not have a standard definition in the context of federal bankruptcy and may pertain to state-specific regulations.
How to fill out chapter 9 and 21?
To fill out Chapter 9, municipalities must file a petition in the bankruptcy court, including a statement of the entity's financial affairs, a plan for reorganization, and a list of creditors. For Chapter 21, the filing process can vary widely depending on the specific state laws and requirements.
What is the purpose of chapter 9 and 21?
Chapter 9 allows municipalities to restructure their debts while continuing to operate, providing financial relief and allowing for the reallocation of resources. The purpose of Chapter 21 depends on the specific provisions of local regulations but generally deals with financial management and reporting.
What information must be reported on chapter 9 and 21?
For Chapter 9, municipalities must report their financial condition, including assets, liabilities, income, and expenditures. Chapter 21 reporting requirements vary by state but may include financial statements, budget outlines, and disclosures of debts.
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