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UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ALABAMA SOUTHERN DIVISION In re: FM COAL, LLC, et al.,1 Debtors.) )))))Chapter 11 Case No. 2002783 (TOM) Jointly AdministeredGLOBAL NOTES,
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Chapter 11 bankruptcy is a form of bankruptcy that involves reorganization of a debtor's business affairs, debts, and assets.
Companies, partnerships, and individuals can file for Chapter 11 bankruptcy.
To file for Chapter 11 bankruptcy, a debtor must submit a petition with the bankruptcy court along with a list of assets and liabilities, a statement of financial affairs, a schedule of current income and expenditures, and a plan for reorganization.
The purpose of Chapter 11 bankruptcy is to allow a debtor to restructure its debts and continue operating its business.
The debtor must report all assets, liabilities, income, and expenditures on their Chapter 11 bankruptcy petition. They must also propose a plan for reorganization.
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