The Maricopa Arizona Certificate of Retention of Debtor in Possession — B 207 is an important legal document used in bankruptcy cases in Maricopa County, Arizona. This certificate serves as proof that the debtor is allowed to retain possession and control of their assets while their bankruptcy case is ongoing. The purpose of the Maricopa Arizona Certificate of Retention of Debtor in Possession — B 207 is to ensure that the debtor can continue operating their business or managing their assets during the bankruptcy proceedings. This certificate grants them authority to make decisions regarding their property, subject to court approval. There are several types of Maricopa Arizona Certificate of Retention of Debtor in Possession — B 207, depending on the specific circumstances of the bankruptcy case: 1. Individual Debtor in Possession: This type of certificate is issued to an individual who is filing for bankruptcy as a debtor in possession. It allows the individual to retain control over their assets and continue operating their business if applicable. 2. Corporate Debtor in Possession: In the case of a bankruptcy filed by a corporation, this type of certificate is issued to allow the corporation to retain possession and control of its assets. It enables the corporation to continue its business operations while under bankruptcy protection. 3. Partnership or LLC Debtor in Possession: If a partnership or limited liability company (LLC) is filing for bankruptcy, this type of certificate is issued to grant the partnership or LLC the ability to retain possession and control of its assets during the bankruptcy proceedings. The Maricopa Arizona Certificate of Retention of Debtor in Possession — B 207 is a crucial document that provides the debtor with essential rights and responsibilities during the bankruptcy process. It ensures that the debtor can continue managing their assets while offering protection to creditors. It is important for debtors, whether individuals, corporations, partnerships, or LCS, to understand the significance and implications of this certificate in their bankruptcy case.