The Montgomery Maryland Certificate of Retention of Debtor in Possession — B 207 is a legal document that is applicable in cases of bankruptcy. It allows a debtor to retain possession of their property while continuing the bankruptcy process. This certificate is an important part of the bankruptcy proceedings in Montgomery County, Maryland. The purpose of the Certificate of Retention of Debtor in Possession — B 207 is to allow the debtor to maintain control and possession of their assets, as long as they fulfill specific requirements and obligations outlined in the bankruptcy code. By obtaining this certificate, the debtor can continue operating their business or managing their assets, which aids in achieving a successful reorganization or repayment plan. In Montgomery County, Maryland, there are various types of the Certificate of Retention of Debtor in Possession — B 207 available. These types might include: 1. Certificate of Retention of Debtor in Possession for Individuals: This type of certificate is applicable to individuals who have filed for bankruptcy and wish to retain ownership and control of their assets during the bankruptcy proceedings. 2. Certificate of Retention of Debtor in Possession for Corporations: This type of certificate is specific to corporations that have filed for bankruptcy. It allows them to continue operating their business, managing their assets, and making necessary decisions while under the protection of the bankruptcy court. 3. Certificate of Retention of Debtor in Possession for Partnerships: This type of certificate is designed for partnerships going through bankruptcy. It grants the partnership the ability to retain control and possession of their assets in order to reorganize and meet their financial obligations. Obtaining the Montgomery Maryland Certificate of Retention of Debtor in Possession — B 207 is a crucial step for debtors who wish to continue operating their businesses or managing their assets during bankruptcy proceedings. It is advised to consult with a bankruptcy attorney or legal professional to understand the specific requirements and process for obtaining this certificate and to ensure compliance with relevant laws and regulations.