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BISHOP PAIUTE TRIBE TITLE 13 BUSINESS CHAPTER 13.1 SMALL CLAIMS CODEStyle Definition: TOC 1: Indent: Left: 0.75\"ENACTED BY TRIBAL COUNCIL: DECEMBER 20, 2012 Amended by Tribal Council X, 2021TABLE
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Business Chapter 131 Small refers to a simplified bankruptcy process designed for small businesses to reorganize their debts while continuing operations.
Small businesses with limited debt levels and who meet specific eligibility criteria set forth by the bankruptcy court are required to file for Business Chapter 131 Small.
To fill out Business Chapter 131 Small, a business must complete the required forms detailing its financial situation, including assets, liabilities, income, and expenses, and file them with the bankruptcy court.
The purpose of Business Chapter 131 Small is to provide small businesses with a framework to restructure their debts, regain financial stability, and avoid liquidation.
On Business Chapter 131 Small, businesses must report their financial details, including a balance sheet, profit and loss statement, cash flow projections, a list of creditors, and any ongoing contracts.
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