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Request for Resolution Plan RAPTOR SELECTION OF A RESOLUTION PLAN FOR LAV ASA CORPORATION LIMITEDDated: May 21, 2019Issued by the Resolution Professional, on behalf of and as authorized by the Committee
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The request for resolution plan (RFRP) is a formal application submitted by parties seeking approval for a resolution plan to address their financial issues or insolvency.
Typically, the entity facing insolvency or financial distress must file the RFRP, along with any creditors or stakeholders involved in the resolution process.
To fill out the RFRP, the applicant must provide detailed information about their financial status, proposed resolution strategies, and supporting documentation as specified by regulatory guidelines.
The purpose of the RFRP is to outline a structured approach for resolving financial difficulties, aiming to maximize recovery for creditors and facilitate a viable restructuring of the entity.
The RFRP must include comprehensive financial statements, a description of the proposed resolution plan, details of all creditors, and any additional information required by regulatory authorities.
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