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Case 2390566 Document 443 Filed in TXSB on 08/22/23 Page 1 of 64UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF TEXAS HOUSTON DIVISION In re: BENEFYTT TECHNOLOGIES, INC., et al.,1 Debtors.) )
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Obtain the necessary forms and documents from the appropriate source. This may include forms specific to Chapter 11 bankruptcy and any additional forms required by the court or jurisdiction.
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Chapter 11 Benefytt Technologies refers to the legal process under Chapter 11 of the U.S. Bankruptcy Code that allows Benefytt Technologies to reorganize its business and restructure its debts while continuing its operations.
Typically, companies like Benefytt Technologies that are unable to meet their financial obligations and wish to reorganize their debts are required to file for Chapter 11 bankruptcy.
To fill out Chapter 11, Benefytt Technologies must complete and file a series of bankruptcy forms which include schedules of assets and liabilities, income and expenses, and a plan of reorganization detailing how it intends to repay creditors.
The purpose of Chapter 11 for Benefytt Technologies is to provide a framework for restructuring its debts while allowing the company to continue its operations, maximize asset value, and maintain jobs.
Benefytt Technologies must report detailed financial information including a list of creditors, financial statements, monthly operating reports, and a proposed reorganization plan to be approved by the court.
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