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This document is a voluntary petition under Chapter 11 of the United States Bankruptcy Code filed by TGI Friday\'s Inc. in the Northern District of Texas. It provides details about the debtor, including their business name, federal Employer Identification Number (EIN), addresses, and a list of related companies also filing for bankruptcy. The document outlines the motivations behind the filing, the estimated number of creditors, and the financial status of the corporation.
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What is voluntary petition for non-individuals?
A voluntary petition for non-individuals is a formal request filed by a business entity, such as a corporation or partnership, to initiate bankruptcy proceedings under the United States Bankruptcy Code.
Who is required to file voluntary petition for non-individuals?
Any non-individual entity, such as a corporation, partnership, or limited liability company (LLC), facing insolvency or financial difficulties may choose to file a voluntary petition.
How to fill out voluntary petition for non-individuals?
To fill out a voluntary petition for non-individuals, the entity must complete the official form provided by the bankruptcy court, providing details about its business operations, debts, assets, and financial status.
What is the purpose of voluntary petition for non-individuals?
The purpose of a voluntary petition for non-individuals is to seek relief from debts and to reorganize the business's financial obligations under the protection of bankruptcy laws.
What information must be reported on voluntary petition for non-individuals?
The information required includes the name of the entity, its address, a list of creditors, the amount and nature of debts, and a statement of the business's assets and liabilities.
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