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UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF FLORIDA www.flsb.uscourts.gov In re: Case No. Chapter 11 Debtor / ORDER CONVERTING CASE UNDER CHAPTER 11 TO CASE UNDER CHAPTER 7 The debtor in possession
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Chapter 11 is a chapter of the United States Bankruptcy Code which allows businesses to reorganize their debts and assets.
Businesses, corporations, and individuals can file for Chapter 11 bankruptcy if they are unable to meet their financial obligations.
To file for Chapter 11 bankruptcy, a business or individual must submit a petition to the bankruptcy court along with a proposed reorganization plan.
The purpose of Chapter 11 bankruptcy is to allow businesses and individuals to restructure their debts and assets in order to repay creditors and continue operations.
The information required to be reported in a Chapter 11 bankruptcy case includes financial statements, a list of creditors, a list of assets and liabilities, and a proposed reorganization plan.
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