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1212020mgDoc 7657Filed 10/20/14 Entered 10/20/14 13:07:24 Pg 1 of 19Main DocumentUNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK NOT FOR PUBLICATION In re: Case No. 1212020 (MG) RESIDENTIAL
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Kroll restructuring administration is a process managed by Kroll, a global leader in risk management, to assist companies in financial distress to reorganize their debts, manage their assets, and regain financial stability.
Companies that are facing financial difficulties or are insolvent may be required to file for Kroll restructuring administration to seek protection from creditors and to reorganize their business.
To fill out the Kroll restructuring administration application, companies typically need to provide detailed financial information, a description of the business operations, and the restructuring plan. It is advisable to seek legal assistance to ensure that all documents are completed accurately.
The purpose of Kroll restructuring administration is to provide a structured process for businesses to manage their debt obligations and facilitate a turnaround, protecting the interests of both the company and its creditors.
Required information typically includes financial statements, a list of creditors, business plans, details regarding the management of assets, and any proposed restructuring measures or repayments.
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