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This is an Official Bankruptcy Form. ENTITY NAME – give the exact name in Arizona as currently shown in A.C.C. records of the.MAJOR STOCKHOLDER ATTACHMENT. C027i. 1. A bankrupt company, the "debtor," might use Chapter 11 of the Bankruptcy Code to "reorganize" its business and try to become profitable again. A receivership is a court-appointed solution that can assist creditors to recover funds in default and help troubled companies to avoid bankruptcy. A Chapter 11 Debtor-in-Possession serves as a fiduciary for the benefit of the creditors and owners in the case. The Plan and Settlement became effective on March 19, 2012. All officers, directors and trustees of the corporation within one year of filing the petition for bankruptcy or the appointment of a receiver. 2. (b) the court considers it appropriate to appoint a receiver before then. When you file a bankruptcy case, there is a large amount of paperwork that you're required to fill out.