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Chapter 11 is a chapter of the United States Bankruptcy Code, which allows companies to reorganize their debts and assets to emerge as a stronger, more financially stable entity. Avaya Inc. filed for Chapter 11 bankruptcy protection in 2017.
Companies or individuals struggling with overwhelming debt and financial difficulties may choose to file for Chapter 11 bankruptcy, including Avaya Inc.
To fill out Chapter 11 bankruptcy forms for Avaya Inc., it is recommended to seek the assistance of a qualified bankruptcy attorney who can guide you through the process.
The purpose of Chapter 11 bankruptcy for Avaya Inc. is to restructure its debts, continue its operations, and develop a plan to repay creditors over time.
When filing for Chapter 11 bankruptcy, Avaya Inc. must report its assets, liabilities, income, expenses, executory contracts, and a proposed plan for restructuring its debts.
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