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Case 2011413KBODoc 244Filed 06/27/20Page 1 of 26IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE x : In re: : : LVI INTERMEDIATE HOLDINGS, INC., ET : all., : : 1 Debtors. X Chapter
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Gather all necessary financial information and documentation including income, assets, debts, and expenses.
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Determine if you are eligible for Chapter 7 or Chapter 13 bankruptcy under the states bankruptcy code 11.
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Fill out the official bankruptcy forms accurately and completely, including schedules and statements.
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Attend credit counseling and debtor education courses as required by law.
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Bankruptcy Code 11 refers to Chapter 11 of the United States Bankruptcy Code, which allows reorganization bankruptcy for businesses.
Businesses that are experiencing financial difficulties and are looking to restructure their debt can file for Chapter 11 bankruptcy.
To file for Chapter 11 bankruptcy, a business must submit a petition to the bankruptcy court, along with a disclosure statement and a reorganization plan.
The purpose of Chapter 11 bankruptcy is to give businesses a chance to restructure their debt and continue operating while they work out a repayment plan with their creditors.
Businesses filing for Chapter 11 bankruptcy must provide detailed financial information, a list of creditors, and a proposed plan for repaying their debts.
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