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Case 2110398LSSDoc 1Filed 02/11/21Page 1 of 17Fill in this information to identify the case: United States Bankruptcy Court for the:DistrictofDelaware (State)Case number (If11Chapterknown):Check if
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A Chapter 11 voluntary petition is a legal document filed by a business or individual seeking to reorganize their debts under bankruptcy law, allowing them to propose a plan to keep their business alive while repaying creditors.
Any business, corporation, or individual that is unable to meet their financial obligations and wishes to restructure their debts can file a Chapter 11 voluntary petition.
To fill out a Chapter 11 voluntary petition, one needs to provide detailed financial information, including a summary of assets, liabilities, and income, as well as a proposed plan for reorganization. Legal counsel is often recommended.
The purpose of a Chapter 11 voluntary petition is to allow a debtor to reorganize their debts, regain financial stability, and provide a structured plan to repay creditors while continuing operations.
The petition must include information such as the debtor's name, identification, the list of creditors, a summary of assets and liabilities, and financial statements.
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