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State Board Chapter 9 Table of Contents for Chapter 9 Declaring Candidacy for State Office ............................................................................................ 92 Board Members
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Chapter 9 state board refers to a section of the U.S. Bankruptcy Code that provides for the adjustment of debts of a municipality.
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Municipalities, including cities, towns, villages, and certain types of districts, are required to file Chapter 9 if they need to restructure their debts.
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To fill out Chapter 9, a municipality must create a plan that outlines the adjustments to its debts, which includes detailed information about its financial condition and proposed changes.
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The purpose of Chapter 9 is to provide financial relief to municipalities, allowing them to reorganize their debts while continuing to provide public services.
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A municipality must report its assets, liabilities, income, expenses, and proposed plan for debt adjustment on a Chapter 9 filing.
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