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Case 1611452KJCDoc 1135Filed 01/19/17Page 1 of 2IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE Chapter 11 In receive No.: 1611452 (JC)DRAW ANOTHER CIRCLE, LLC, et al., Debtors.1(Jointly

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What is ch 11 center city?

Chapter 11 is a bankruptcy process that allows a business to reorganize and continue operating while repaying creditors.

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Any business or individual that is unable to meet their financial obligations may file for Chapter 11 bankruptcy.

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To file for Chapter 11 bankruptcy, detailed financial information must be provided, a repayment plan must be proposed, and the filing must be done through the bankruptcy court.

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The purpose of Chapter 11 bankruptcy is to allow a business to restructure its debts, continue operating, and repay creditors in a manageable way.

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Financial statements, creditor list, repayment plan, assets and liabilities, income and expenses, and other relevant financial information must be reported in a Chapter 11 bankruptcy filing.

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