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IN THE UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF MICHIGAN SOUTHERN DIVISION In re: COLLINS & AIRMAN CORPORATION, et al.1 Debtors. )))))))))) Chapter 11 Case No. 05-55927 (SWR) (Jointly Administered)
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Chapter 11 case no refers to the specific case number assigned to a bankruptcy filed under Chapter 11 of the United States Bankruptcy Code.
Any individual, corporation, or partnership looking to reorganize their debts and financial affairs may file for Chapter 11 bankruptcy.
Chapter 11 cases are filed with the bankruptcy court and require detailed financial information, disclosure statements, and a proposed reorganization plan.
The purpose of a Chapter 11 case is to allow the debtor to reorganize their finances, continue operating their business, and repay creditors over time.
Information required includes financial statements, list of assets and liabilities, creditor information, proposed reorganization plan, and disclosure statements.
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