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 Monthly Report Chapter 11 Form 2009-2025

Monthly Report 11 2 2009-2025 Form

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hello and welcome to this session in which we would look at chapter 11 bankruptcy chapter 11 bankruptcy is different than chapter 7 in chapter 7 in the prior session in chapter 7 we had a liquidation we sell all assets and go out of business or we sell all the goods all what we all what we own and we pay the creditors basically we start from zero in contrast in chapter 11 reord cases the dator the dator typically continues to control and manage the assets a concept known as deor in possession so they don't they don't sell everything because they need to stay afloat and when we say chapter 11 usually chapter 11 is for businesses the Assumption here is this that the deor is best suited to operate their own business therefore we try to avoid even having a trustee and managing its asset during the bankruptcy process so what we are saying here is you know what as the deor keep the asset we're going to try to work a deal with you keep the asset keep running the busine

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