The Indiana Periodic Report Regarding Value, Operations, and Profitability of Entities in Which the Debtor's Estate Holds a Substantial or Controlling Interest (Indiana PROP), is a filing that must be submitted on a quarterly basis by a debtor's estate in a bankruptcy case. It is used to provide an update on the value, operations, and profitability of entities in which the debtor's estate has a substantial or controlling interest. The report must include financial statements and other information about the entity, as well as any material changes in the debtor's interest in the entity since the last filing. The Indiana PROP is required to be filed with the court within 30 days of the end of the quarter. There are two types of Indiana PROP: Form 2 and Form 3. Form 2 is a short form report that must be filed when the debtor's estate owns less than a 50% interest in the entity. Form 3 is a more detailed report that must be filed when the debtor's estate owns a 50% or more interest in the entity.
Indiana Periodic Report Regarding Value, Operations, and Profitability of Entities in Which the Debtor's Estate Holds a Substantial or Controlling Interest
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How to fill out Indiana Periodic Report Regarding Value, Operations, And Profitability Of Entities In Which The Debtor's Estate Holds A Substantial Or Controlling Interest?
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