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Case 2111226CTGDoc 4Filed 09/08/21Page 1 of 4Fill in this information to identify the case: Debtor nameJAB Energy Solutions II, LLCUnited States Bankruptcy Court for the:DISTRICT OF DELAWARECase number
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Chapter 11 refers to a section of the United States Bankruptcy Code that provides for reorganization of a debtor's business affairs, debts, and assets. It is commonly used by corporations but is also available to individuals.
Any business or individual with debts that exceed their assets and who needs to restructure their debts can file for Chapter 11 bankruptcy.
To fill out Chapter 11, a debtor must complete a series of forms detailing their financial status, including schedules of assets and liabilities, a statement of financial affairs, and a plan for reorganization.
The purpose of Chapter 11 is to give a financially distressed business an opportunity to reorganize its debts and continue operations while paying creditors over time.
The information that must be reported includes a list of all creditors, the amount and nature of their claims, a complete inventory of assets, and a statement of income and expenses.
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