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2210964mgDoc 2009Filed 02/08/23 Entered 02/08/23 15:04:15 Pg 1 of 3Main DocumentUNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW Yorkie re:Chapter 11CELSIUS NETWORK LLC, et al., No. 2210964

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What is chapter 11 celsius network?

Chapter 11 of the Celsius Network refers to the legal process for reorganization under the bankruptcy code that allows the company to restructure its debts while continuing operations.

Who is required to file chapter 11 celsius network?

Any debtor, which can include corporations or partnerships, that is unable to meet their debt obligations may file for Chapter 11 bankruptcy, including entities like the Celsius Network.

How to fill out chapter 11 celsius network?

Filing for Chapter 11 involves completing the necessary bankruptcy forms, including schedules of assets and liabilities, a statement of financial affairs, and a disclosure statement outlining the proposed reorganization plan.

What is the purpose of chapter 11 celsius network?

The purpose of Chapter 11 for the Celsius Network is to allow the company to reorganize its business and debt structure, providing a pathway to recovery while aiming to pay creditors over time.

What information must be reported on chapter 11 celsius network?

Key information includes a detailed list of assets, liabilities, income, expenses, financial affairs, and any proposed plans for reorganization.

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