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Prescribed by Department of Local Government Finance Approved by State Board of Accounts54S ID2009 YEAR45 CO4 Preschool Budget form No. 1 (Rev 2007) Page 14730 Year 2009SCHOOL CORPORATION BUDGET ESTIMATE
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Chapter 11 refers to a section of the United States Bankruptcy Code that allows businesses to reorganize their debts while continuing their operations.
Any business, including corporations, partnerships, or sole proprietorships, can file for Chapter 11 if they believe they can reorganize and pay creditors over time.
To file for Chapter 11, a debtor must complete various bankruptcy forms, including schedules of assets and liabilities, a statement of financial affairs, and a proposed reorganization plan.
The purpose of Chapter 11 is to provide a process for businesses to restructure their debts while maintaining operations, ultimately aiming for financial stability and recovery.
Debtors must report detailed information about their assets, liabilities, income, expenses, and any contracts or leases in place.
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