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Case 2012816JKSDoc 429Filed 07/26/21Page 1 of 12IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re: FURNITURE FACTORY ULTIMATE HOLDING, L.P., et al.,1 Debtors.) ) ) ) ) ) )Chapter
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How to fill out new chapter 11 filing

01
Consult with a bankruptcy attorney to determine if filing for Chapter 11 is the right option for your situation.
02
Gather all necessary financial documents, including income statements, balance sheets, and a list of creditors.
03
Complete the official bankruptcy forms, including the Chapter 11 petition, schedules, and a proposed reorganization plan.
04
File the bankruptcy forms with the bankruptcy court in your jurisdiction.
05
Attend the meeting of creditors and other court hearings as required.
06
Work with your attorney to negotiate with creditors and seek approval of your reorganization plan.
07
Follow the terms of the approved reorganization plan to successfully complete the Chapter 11 filing.

Who needs new chapter 11 filing?

01
Business owners who are struggling with overwhelming debt and need to reorganize their finances to stay in operation.
02
Individuals with significant assets and debts who do not qualify for Chapter 7 or Chapter 13 bankruptcy may also need to file for Chapter 11.
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A new Chapter 11 filing refers to the process by which a business or individual seeks reorganization under the U.S. bankruptcy code, allowing them to restructure debts while continuing to operate.
Any business or individual that is unable to pay their debts and wishes to restructure their financial obligations can file for Chapter 11. This often includes corporations, partnerships, and sole proprietorships.
To file for Chapter 11, one must complete a series of required forms, including a petition, schedules of assets and liabilities, a statement of financial affairs, and often a disclosure statement detailing the proposed reorganization plan.
The purpose of a Chapter 11 filing is to provide relief to debtor entities, allowing them to restructure their debts while retaining control of their assets, thereby facilitating a plan to revive the business.
The filing must include details such as the debtor's income, expenses, assets, liabilities, and any contracts or leases involved, along with a proposed plan for reorganization.
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