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Case 2311161JKSDoc 426Filed 11/14/23Page 1 of 8IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re: 1Chapter 11Prime Core Technologies Inc., et al.,Case No. 2311161 (JKS) Debtors.
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Chapter 11 Prime Core is a streamlined bankruptcy process designed for small businesses to reorganize their debts and continue operating.
Small businesses and individuals with regular income who meet specific criteria set by the bankruptcy code are required to file Chapter 11 Prime Core.
To fill out Chapter 11 Prime Core, a debtor must complete the required forms outlining their financial situation, including assets, liabilities, and a reorganization plan.
The purpose of Chapter 11 Prime Core is to allow financially distressed businesses to restructure their debts while retaining control of their operations.
Debtors must report detailed financial information, including income statements, balance sheets, a list of creditors, and a proposed reorganization plan.
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