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Case 2211068JTDDoc 2190Filed 08/16/23Page 1 of 18IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re:Chapter 11FTX TRADING LTD., et al., 1Case No. 2211068 (JTD)Debtors.(Jointly
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Gather all necessary financial information such as assets, liabilities, income, and expenses.
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Individuals or businesses who are unable to repay their debts and require the legal protection and assistance provided by Chapter 11 bankruptcy.
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What is in re chapter 11?
In re Chapter 11 refers to a provision of the U.S. Bankruptcy Code that allows businesses to reorganize their debts while continuing to operate. It is commonly used by corporations that want to restructure their debts and emerge as a viable business.
Who is required to file in re chapter 11?
Any business entity, including corporations, partnerships, and sole proprietorships, as well as individuals with substantial debts may file for Chapter 11 bankruptcy to reorganize their financial affairs.
How to fill out in re chapter 11?
To fill out a Chapter 11 filing, one must complete official bankruptcy forms including schedules of assets and liabilities, income and expenses, and a proposed plan of reorganization. It's advisable to seek legal assistance to ensure compliance with all requirements.
What is the purpose of in re chapter 11?
The purpose of Chapter 11 is to provide a mechanism for businesses to reorganize their debts, allowing them to continue operations while working to repay creditors over time.
What information must be reported on in re chapter 11?
Debtors must report detailed information including a list of assets and liabilities, income and expenses, creditors, their claims and the nature of the business operations.
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