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Case 1930256VFPDoc 45Filed 11/07/19 Entered 11/07/19 14:50:40 Document Page 1 of 2Desc Maintained STATES BANKRUPTCY COURT DISTRICT OF NEW JERSEY Caption in Compliance with D.N.J. LB 90041(b)AREN'T
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Gather all required financial documents, such as income statements, balance sheets, and tax returns.
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Complete the necessary forms for filing Chapter 11 bankruptcy, including the petition, schedules, and statement of financial affairs.
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Attend the required credit counseling course and obtain a certificate of completion.
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Submit the completed forms and financial documents to the bankruptcy court.
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Work with your attorney and the court-appointed trustee to develop a repayment plan for creditors.
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Businesses or individuals who are struggling with overwhelming debt and are seeking to reorganize their finances.
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Chapter 11 case number is a unique identifier assigned to a specific bankruptcy case filed under Chapter 11 of the U.S. Bankruptcy Code.
Companies, partnerships, and individuals can file for Chapter 11 bankruptcy if they are unable to meet their financial obligations and need to reorganize their debts.
To file for Chapter 11 bankruptcy, a debtor must submit a petition, schedules of assets and liabilities, a statement of financial affairs, and a reorganization plan to the bankruptcy court.
The purpose of Chapter 11 bankruptcy is to provide a financially distressed entity the opportunity to reorganize its business affairs, debts, and assets in order to continue operating and pay creditors over time.
Information required on Chapter 11 bankruptcy filings includes detailed financial statements, creditor lists, contracts, leases, and a proposed reorganization plan.
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