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DRAFT #1 FOR 09/08/2020 Ordinance Committee Meeting TABLE OF CONTENTS CHAPTER 9. SEWER USE ...................................................................................................... 92

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What is chapter 9?

Chapter 9 refers to a specific chapter in the bankruptcy code that pertains to municipal bankruptcy cases.

Who is required to file chapter 9?

Only municipalities, such as cities, counties, and other governmental entities, are eligible to file for chapter 9 bankruptcy.

How to fill out chapter 9?

Filing for chapter 9 bankruptcy involves submitting a petition to the bankruptcy court, along with a disclosure statement and a plan for adjusting debts.

What is the purpose of chapter 9?

The purpose of chapter 9 is to provide financially distressed municipalities with a way to restructure their debt and continue providing essential services to the community.

What information must be reported on chapter 9?

Municipalities filing for chapter 9 bankruptcy must report detailed information about their financial situation, debts, assets, and proposed debt adjustment plan.

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