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WLSSD NOTICE OF GRANT OPPORTUNITY 2020 Wastewater Services Planning Grant INTRODUCTION The Western Lake Superior (WLSSD) Wastewater Services Planning Grant is intended to allow eligible units of government,

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What is chapter 9 utilities and?

Chapter 9 utilities refers to the section of the U.S. Bankruptcy Code that provides for the reorganization of municipalities, including utility companies, that are financially distressed.

Who is required to file chapter 9 utilities and?

Entities that provide public utility services and are facing financial difficulties are required to file under chapter 9, including cities, towns, and other governmental units that operate utility services.

How to fill out chapter 9 utilities and?

To fill out chapter 9 utilities documentation, an entity must provide complete financial statements, a proposed plan for reorganization, and evidence of negotiations with creditors, complying with specific bankruptcy court formats.

What is the purpose of chapter 9 utilities and?

The purpose of chapter 9 utilities is to allow financially distressed municipalities and their utility services to reorganize their debts while continuing to provide essential services to the public.

What information must be reported on chapter 9 utilities and?

The information that must be reported includes the utility's financial status, assets, liabilities, cash flow details, outstanding debts, and a detailed plan for how the utility intends to resolve its financial issues.

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